PayPay (NASDAQ:PAYP) Trading Down 6.4% – What’s Next?

Shares of PayPay Corporation (NASDAQ:PAYP) dropped 6.4% during trading on Tuesday . The stock traded as low as $13.63 and last traded at $13.3360. Approximately 173,916 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,691,886 shares. The stock had previously closed at $14.25.

Wall Street Analysts Forecast Growth

PAYP has been the topic of several research reports. Citigroup initiated coverage on shares of PayPay in a research report on Monday, April 6th. They issued a “neutral” rating and a $23.00 price target on the stock. Morgan Stanley assumed coverage on shares of PayPay in a research report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price objective for the company. Benchmark assumed coverage on shares of PayPay in a research report on Monday, April 6th. They issued a “buy” rating and a $31.00 price objective for the company. Wolfe Research assumed coverage on shares of PayPay in a research report on Monday, April 6th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of PayPay in a research report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.73.

PayPay Trading Down 4.8%

The firm has a 50-day moving average of $19.14.

PayPay (NASDAQ:PAYP) last posted its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $644.33 million for the quarter.

PayPay Company Profile

As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.