Shaw and partners updated price target $4.71Zip Co (Z1P)
Rating: Buy | Risk: High | Price Target: $4.71
Regulation is an opportunity for fin-techs with a diversified platform/revenue model
Event: Following the master trust issuance we have upgraded our PT to $4.71 per share. We have further within this extensive note broached recent industry chatter regarding regulation and merchant fees. Overall we see any changes (however likely) as positive for Z1P.
Recommendation: Quarterly is near term, trading into seasonally strong quarter, international and biz to launch, with guidance for 800k+ customers into FY20 to be added and a step change at scale with one of the highest gross profit trajectories in tech on the ASX. Buy.
Price target $4.71
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |