I told you good time to buy, page-303

bull trap

I'm kidding mate, hope you prove everyone wrong here and make bank on this.
Interesting tid bit from Jefferies (not that I put much stock into a broker report), but they do paint Zip to be a TO target at these levels

BUZZ-'Things look very tight' at Australia's Zip with lower growth ahead - Jefferies
Friday, 1st July 2022, 9:32:20 am

Relevant Stocks:

ZIP SZL OPY HRB SQ2

• Jefferies says the buy now, pay later co Zip (ZIP) has enough funding to last until FY25, but "things look very tight" if the company does not reach profitability by then
• Jefferies cuts PT to A$0.38 from A$1.00; maintains "underperform" rating
• BNPL stocks have taken a hit on reduced consumer spending, rising interest rates and trickier credit conditions raising the prospect of consolidation in the sector
• Brokerage sees complexity in co's buyout of Sezzle (SZL), citing bearish U.S consumer sentiment and rising funding costs
• There are risks ZIP may need to raise additional funding to repay some of its funding facilities maturing in 12 months - brokerage
• Given the significant decline in its share price, ZIP could potentially be an acquisition target and a buyer would need to shell out at least $1 bln - Jefferies
• ZIP shares have shed 99%, or A$3.91 bln ($2.70 bln), in market value in the past year
• Jefferies also expects lower levels of growth ahead after ZIP put its UK business under review and cut its investments in its Rest of the World arm
• Two of eight analysts rate the stock "buy" or higher, one "hold" and five "sell" or lower; their median PT is A$1.02– Refinitiv Eikon data
• Stock is down nearly 90% so far this year, as of last close