rocky road.... dogs at macquarie coming up next - hope shaw stay bullish hahaBUZZ-Australia's Zip trips as Citi cuts PT on easing U.S. growth forecast
Thursday, 9th December 2021, 2:50:06 pm
- Zip Co Ltd(Z1P)falls as much as 4.4% to A$5.050 after Citi cuts its price target to A$5.85 from A$7.40 on slowing growth in the United States
- Buy-now-pay-later firm's stock is the third biggest loser on the Australian benchmark index
- Zip's recent Nov trading update showed total transaction volume (TTV) in the United States slowed materially
- Says the slowdown in growth will persist and is a combination of easing e-commerce sales as economy reopens, unwinding of stimulus, competition and recent rebranding to Zip from Quadpay
- Australia and New Zealand continues to beat expectations due to increased uptake of Tap & Pay and higher credit limits for Zip Pay
- Brokerage adds that industry giant Afterpay's(APT)U.S. business is also growing at a slower rate than expected
- Citi lowers forecast on Zip's TTV growth in the UK and the U.S.
- Sees FY22 total TTV and revenue to be 10% and 8% weaker than its previous estimates, respectively
- 4/10 analysts rate the stock "buy", 5 "hold" and 1 "sell"; their median PT is A$7.43 – Refinitiv data
- Forums
- ASX - By Stock
- ZIP
- Daily Price Movement / General Discussion
Daily Price Movement / General Discussion, page-40451
-
- There are more pages in this discussion • 6,111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B |
Open | High | Low | Value | Volume |
$2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11942 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 30971 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2857 | 2.780 |
8 | 74759 | 2.770 |
6 | 75873 | 2.760 |
38 | 487615 | 2.750 |
17 | 328900 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 30971 | 2 |
2.800 | 211817 | 15 |
2.810 | 445497 | 7 |
2.820 | 251492 | 13 |
2.830 | 29800 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |