Don't forget the most realistic - CITI with $1.90
Citi
27/08/2024
1
$1.90
-16.30%
- COMMENTARY
In an initial assessment of today's FY24 result for Zip Co, Citi expects a muted share price reaction given the strong recent performance.
The broker sees potential for consensus upgrades to cash earnings (EBTDA) on the back of FY25 guidance for 1% growth.
Positively, suggests the analyst, management is targeting FY25 US TTV growth above the average pay-in-4 market growth of 30%-32% year-on-year. The margin target has been tightened to a range of 3.5%-4.0% from 3.0%-4.0% over the next two years.
Less positively, the revenue yield target is unchanged, which the broker suspects is the result of an increasing US mix which negatively impacts revenue yield.
Buy. Target $1.90.
Don't forget the most realistic - CITI with $1.90 ;)...
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$3.14 |
Change
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Mkt cap ! $4.099B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.20 | $3.02 | $54.05M | 17.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27580 | $3.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.14 | 137294 | 3 |
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