Bunch of snakesOne leading broker doesn’t believe it is too late to buy Zip Co’s shares.
According to a note out of UBS, its analysts have taken their sell rating off its shares. Furthermore, they have upgraded their rating all the way up to a buy.
The broker has a price target of $4.80 on its shares, which implies potential upside of approximately 21% over the next 12 months.
It prefers Zip Co to rival Afterpay Touch Group Ltd (ASX: APT), which it is famously very bearish on. This is due to its belief that Zip Co has less exposure to the risks associated with the buy now pay later model.
Z1P takes hit from UBS announcement makes for a very cheap price, page-4
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Last
$1.72 |
Change
-0.040(2.27%) |
Mkt cap ! $1.937B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.83 | $1.70 | $26.91M | 15.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 15000 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |