2256 GMT - Afterpay is likely to more than double its user base to about 20 million active customers within two years, taking advantage of a structural shift to online shopping, Ord Minnett says. The broker lifts its target price for the stock 90% to A$64.70 and maintains a buy rating, tipping 9.8 million active users by June 30 this year. Ord Minnett says the buy-now-pay-later provider has room to grow with its 5 million U.S. customers representing just 2% of the country's adults. It notes Afterpay has tapped over 14% of adults in Australia and New Zealand. The stock last traded at A$57.73, up 97% in 2020. (
[email protected]; @StuartLCondie) Pre shows APT up 10% $63... is any news due on this thing?
