"Shaw and Partners has no complaints, pointing out that Zip Co is now generating more than 52% of revenue from international markets and the company remains a global leader. Zip Co is outperforming on the international scene when considering the rebranding effort and increased competition.
The first quarter was tough, the broker admits, for those who own BNPL, as significant consolidation of larger players, a seasonally weak period and rebranding in the US served as dampers.
Yet the launch of several significant initiatives, including physical cards, and the expected boost to second quarter volumes should provide a catalyst. The instalment payment technology has now been integrated in the Microsoft Edge browsers and there are also large merchants to be signed up before Christmas along with completion of global acquisitions in Europe and the Middle East.
Shaw has hopes of a “big” quarter, noting the company is building out its geography, origination and product offering globally and leads on customer engagement.
The broker also believes the stock is trading well below intrinsic value in a rapidly consolidating market and has a $16.10 target and Buy rating."
"Shaw and Partners has no complaints, pointing out that Zip Co...
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |