The Bear Room, page-203

when i was bullish many moons ago, i used to laugh at UBS targets ... how wrong was i ... now its the 1st thing I check

Financial forecasts for FY24UBS is currently forecasting for FY24 that Zip could make $838 million of revenue, but make an earnings before interest and tax (EBIT) loss of $71 million and a net loss after tax of $60 million.When will Zip start making a profit? UBS doesn't think it's going to happen until FY26 when it's projected to make a net profit after tax (NPAT) of just $10 million. FY25 is forecast to see a net loss of $38 million.Net profit isn't expected to get much better FY27 is expected to see net profit of $21 million and FY28 is expected to see net profit of $23 million.Interestingly, the broker UBS has pencilled a dividend per share of 1 cent in FY28, which would be a dividend yield of 2.1%.Zip share price targetA price target is where the broker thinks the share price will be in 12 months.UBS' price target on Zip is 36 cents, which is actually 25% lower than where it is today. But, at the time UBS announced its target, it was around 10% higher than the Zip share price which has gone up 70% since the end of October 2023