Shaw and Partners updated price target $4.02Zip Co (Z1P)
Rating: Buy | Risk: High | Price Target: $4.02
Going global and into business loans has multi company potential
Event: Z1P has released results that beat expectations in FY19. More importantly however is that Zip has announced it is going global in an overseas expansion and getting into business financing with a big FY20 goal. See the inside of this report for an extensive overview.
Recommendation: We see Zip as now having the most extensive and comprehensive product suite for an instalment/alternative credit and payments business globally. Following the acquisition Zip is now delivering five key products to market and a successful expansion overseas or into other verticals such as business credit could see multiples of the current share price if executed upon, all backed by a major Australian bank. Re-iterate Buy recommendation.
Shaw and Partners updated price target $4.02Zip Co (Z1P)Rating:...
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Last
$1.25 |
Change
-0.013(0.99%) |
Mkt cap ! $1.362B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.24 | $1.981M | 1.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 33460 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.25 | 138783 | 27 |
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| Last trade - 10.53am 02/05/2024 (20 minute delay) ? |
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$1.25 |
Change
-0.013 ( 0.63 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.28 | $1.24 | 310115 | ||
| Last updated 11.12am 02/05/2024 ? | |||||
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