Our friend fool
highlights:
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I’m not alone in thinking this way. A note out of Ord Minnett this week revealed that its analysts are becoming increasingly convinced about the global appeal of the Afterpay platform for consumers and retailers.
In light of this, the broker has a buy rating and $18.00 price target on Afterpay Touch’s shares. This price target implies potential upside of almost 37% for its shares over the next 12 months.
Incidentally, a note out of Morgans last month revealed that it is bullish on the company’s prospects as well. The strong start to life in the U.S. and positive trends in Australia led to Morgans putting an add rating and $19.15 price target on its shares.
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