At the time they reiterated their Underperform rating and rai $5.35 price target on Zip. Though the noted that Zip's US business Quadpay maintained good momentum and that margins were resilient, the investment bank flagged potential issues stemming from increased competitive pressures within the space, saying:‘We remain cautious on the competitive landscape in the US and continue to expect the ANZ businesses to weigh on Z1P’s valuation vs BNPL peers.’Despite all that, the investment bank did raise its price target on Zip due to higher revenue expectations stemming from strong transaction volumes. A target, it should be added, which remains well off Zip's latest traded price
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Macquarie Price Target $5.35
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Last
$1.37 |
Change
0.060(4.58%) |
Mkt cap ! $1.526B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.39 | $1.33 | $9.057M | 6.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 54772 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 70770 | 55 |
View Market Depth
| Last trade - 13.20pm 07/05/2024 (20 minute delay) ? |
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Last
$1.37 |
Change
0.060 ( 5.02 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.39 | $1.34 | 1155514 | ||
| Last updated 13.39pm 07/05/2024 ? | |||||
| ZIP (ASX) Chart |