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Afterpay Valuation, page-1022

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05/06/20

11:11

Post #: 45055507
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Originally posted by stealth10: ↑

Hot off the press:

Afterpay is strongly positioned versus its buy-now-pay-later competitors due to its capability to partner widely, and popularity with retailers and consumers, Bell Potter says. Annual sales are growing about twice as fast as those at NYSE-listed Shopify, which has signaled its intention to enter the buy-now-pay-later space, Bell Potter says. Comparing valuations by this metric, the broker suggests Australia-listed Afterpay's recent share price surge isn't excessive. The stock has risen more than six-fold in the past 10 weeks but Bell Potter nonetheless raises its target price 26% to A$65.00. Shares are down 1.5% at A$51.40.

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OMG - the non-believers are going to lose sleep over this !!!!

APT Price at posting: $50.83 Sentiment: Buy Disclosure: Held
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