Following are the catalysts for the same:
1. Easing global economic conditions with multiple rate cuts forecasted in 2024
2. When the global conditions ease, a lot of smart/big money will move from risk off to risk on ie from safe havens like bonds, gold etc to equity markets
3. Fund managers and equity firms like to pick most battered and bruised stocks with a psotiive theme ex Zip is at a much larger discount to its peers like Affirm etc and has forcasted positive earnings in 2024
4. If you look at charts for any growth stocks like Affirm, Block, Paypal etc. they all show a similar pattern of breaking out from 2022 lows.
5. Zip will benefit from regulation in AU market and likely to pick more customers and merchants thereby propelling the flywheel further
6. BNPL gaining a lot of momentum in USA, which will become Zips biggest market (if not already) soon.
You can refer to the technical chart I posted in charts forum for Zip and to be honest $1 to $3 seems very plausible.
I would like to hear the bear case for the same as well, please.
This said, offcourse economic environment and conditions matter as well.
Please note this is my own analysis and not financial advice.
Following are the catalysts for the same:1. Easing global...
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Last
$1.27 |
Change
-0.040(3.05%) |
Mkt cap ! $1.430B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.26 | $6.973M | 5.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 87782 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 50296 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.26 | 1921880 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ZIP (ASX) Chart |