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Drey, Ten more trading days to hit your $170 target,do you still...

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Mado

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14/05/21

12:51

Post #: 53177747
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Originally posted by Drey: ↑

Growth market
Afterpay co-founder Anthony Eisen has shrugged off investors fears about interest rates.“Even if interest rates doubled or tripled from this point, it wouldn’t be pervasive to our margin equation,” he said at the Macquarie Australia conference this month.
Many analysts agree with that assessment.Macquarie analysts recently said in a report that while there might be overcapacity in the BNPL industry in the near term, there will be consolidation and the industry will emerge stronger, similar to what other sectors such as automobiles and mining have witnessed.That should bode well for entrenched players like Afterpay, Zip and Sezzle which helped define the entire BNPL business model.
Morgan Stanley last week noted that Afterpay is still maintaining eye watering growth rates in the US market, with app downloads in April almost double that of a year ago.
The broker retains an ‘overweight’ rating and a $149 target price on the stock.The BNPL sector is certainly in line for interesting times ahead!

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Drey,

Ten more trading days to hit your $170 target,do you still stand by that?

APT Price at posting: $85.86 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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