Zip Co Ltd (ASX: Z1P)
Another ASX growth share to look at is Zip. This buy now pay later (BNPL) provider has been a very impressive performer over the last few years.
After breaking out of the shadow of its larger rival, it is now becoming a force of its own. This is particularly the case in the United States where its Quadpay business is growing its customer numbers and sales at a rapid rate. This is a big positive given how the US market is estimated to be worth upwards of $5 trillion.
In addition to this, Zip has just extended its total addressable market by expanding into mainland Europe and the Middle East via acquisitions. If these acquisitions are successful, then the company’s growth could be given a huge boost over the 2020s.
Morgans is a fan of Zip. Its analysts currently have an add rating and $10.39 price target on its shares.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
Motley Fool
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.69 |
Change
0.165(10.8%) |
Mkt cap ! $1.904B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.69 | $1.54 | $34.28M | 20.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107872 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 87594 | 9 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |