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Afterpay Valuation, page-1028

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Goodfella58

4,241 Posts.

1863

05/06/20

12:28

Post #: 45058144
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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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What a load of tosh Bell Potter were lead book builder on the last capital raise...thry are probably furiously running around to place the founders fourty million shares coming out of Escrow on 1st July

APT Price at posting: $50.19 Sentiment: Sell Disclosure: Not Held
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