ZIP 6.47% $1.88 zip co limited..

Shaw & Partners price target and BUY ratingZip Co (Z1P)Rating:...

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    Shaw & Partners price target and BUY rating

    Zip Co (Z1P)

    Rating: Buy | Risk: High | Price Target: $4.88

    Still Only Day 1 for Instalment Payments and Digital Wallets

    Event: Z1P has delivered a 2Q-20 that is above Shaw expectations, with beats across growth, and customer key KPI’s, with indications that the company is 6 months ahead of expectations.

    Recommendation: Z1P will end FY20 with 10% of all Australians having an account and in our opinion is still only at day one of payments and digital wallets taking share in Australia. Re-iterate Buy.

 
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