It was only a matter of time before the IOU Pay stock popped.
IOU Pay is greatly undervalued considering the market opportunity in the Asian BNPL space; and consequently in terms of perceived value if we taking into consideration other BNPL stocks. [This is an unbiased opinion, I am not holding IOU stock. I am not holding IOU stock as I am tied up elsewhere.]One of the key factors I consider when it comes to a stock is stability and a consistent 6-12 month stock graph. IOU Pay rose substantially in October 2020 before suffering a pullback, and stabilising between the $0.12-$0.14 mark. The volatility IOU Pay experienced was a result of wavering investor confidence, and the need for further announcements to substantiate a forward price momentum. In my article published in January 2021, I noted "This stock could be a case of 'the early bird gets the worm', for those inclined to take a risk, hold, and ideally who buy at a price point that allows a potential buffer."In my initial prediction for this stock was that it would trade over $1.00 in the medium-long term future. However, due to market and product opportunity, combined with the recent EasyStore partnership and prevailing sentiment, I have revised my 12-month price target of IOUPay to $1.63, with a reach 12 month price target of $2.38. [This is my own personal opinion, this information is not intended as financial or investment advice and should not be construed or relied on as such. Before making any commitment of financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser.]
