Daily Price Movement / General Discussion, page-19853

yep... had a laugh at this article... especially the last line

Zip Co Ltd (ASX: Z1P)

Another ASX share that is growing at a rapid rate is Zip. It is a leading buy now pay later (BNPL) provider with operations across several continents.

Last week it released its fourth quarter update and revealed further strong growth across key metrics. Zip reported a 116% year on year increase in quarterly total transaction volume (TTV) to $1.8 billion and a 104% increase in quarterly revenue to $129.9 million.

Key drivers of Zip’s growth were further increases in transactions, customer numbers, and merchants on its platform. Zip revealed a 230% year on year increase in transaction numbers to 14.2 million for the three months, an 87% lift in customer numbers to 7.3 million, and an 84% rise in merchants to 51,300.

The good news is that the company still has a very long runway for growth over the next decade. This is due to the growing BNPL market in the massive United States market and its continued international expansion. The latter looks set to be boosted by a global rebrand which will see the company operate under the Zip name in all its markets.

Citi is very positive on Zip. Last week the broker responded to its update by retaining its buy rating and $10.25 price target.