ZIP 7.08% $1.58 zip co limited..

Daily Price Movement / General Discussion, page-40451

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    BUZZ-Australia's Zip trips as Citi cuts PT on easing U.S. growth forecast
    Thursday, 9th December 2021, 2:50:06 pm

    Relevant Stocks:
    • Zip Co Ltd(Z1P)falls as much as 4.4% to A$5.050 after Citi cuts its price target to A$5.85 from A$7.40 on slowing growth in the United States
    • Buy-now-pay-later firm's stock is the third biggest loser on the Australian benchmark index
    • Zip's recent Nov trading update showed total transaction volume (TTV) in the United States slowed materially
    • Says the slowdown in growth will persist and is a combination of easing e-commerce sales as economy reopens, unwinding of stimulus, competition and recent rebranding to Zip from Quadpay
    • Australia and New Zealand continues to beat expectations due to increased uptake of Tap & Pay and higher credit limits for Zip Pay
    • Brokerage adds that industry giant Afterpay's(APT)U.S. business is also growing at a slower rate than expected
    • Citi lowers forecast on Zip's TTV growth in the UK and the U.S.
    • Sees FY22 total TTV and revenue to be 10% and 8% weaker than its previous estimates, respectively
    • 4/10 analysts rate the stock "buy", 5 "hold" and 1 "sell"; their median PT is A$7.43 – Refinitiv data
    Last edited by rezX: 09/12/21
 
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Last
$1.58
Change
-0.120(7.08%)
Mkt cap ! $1.774B
Open High Low Value Volume
$1.72 $1.72 $1.57 $42.26M 26.16M

Buyers (Bids)

No. Vol. Price($)
3 19469 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.58 33400 3
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ZIP (ASX) Chart
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