Analysts at UBS have retained their buy rating on this buy now pay later provider's shares with an improved price target of $1.55. This follows the release of the company's third quarter update this week which revealed a 14.6% increase in total transaction volume and a 26.6% jump in revenue. UBS was pleased with the stronger than expected update. It notes that it was driven by a particularly strong performance from its Zip Americas business. And while it was slightly disappointed with the performance of the Zip AU business, it believes this will stabilise in FY 2025 and then return to growth. Overall, the broker was impressed and its earnings estimates have been revised higher. The Zip share price is trading at $1.14 on Wednesday afternoon.
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Last
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 58215 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |