Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-2364

@ tradinator

So it hit the $1.50 target which was the minimum retrace expected.

Affirm demonstrated a similar pattern and hit a 38.2 retrace but Zip is technically weaker.

Can it hit the same 38.2 percent retrace as Affirm and put it at $5.70 or even 23.6 percent at $3.60.

It would have to be producing $250 million NPAT to justify even the $3.60 share price so this is highly unlikely.

I suggested several months ago that if they can harness AI to slash the cost of originating and processing the loans then this will significantly improve profitability but that is a long way in the future if at all.