I will say $1.50 to $2 by next Xmas.
If the US doesn't go into recession and JPowell still cuts rates which he signaled this week, then your $2-3 price targets are doable. Imagine all areas of the economy firing on all cylinders, and 3 rate cuts even without a recession being the reason for them. Powell has basically the rate cuts are overdone and are not really needed. Possibly no recession too.$2-3 for Zip
These are Jerome's own words from the other day.Fed doesn’t need a recession to cut rates, Powell says
The Federal Reserve is willing to cut rates even if the U.S. economy doesn’t dip into a recession in 2024, Chair Jerome Powell said.
“It could just be a sign that the economy is normalizing and doesn’t need the tight policy,” he said.
Powell also said that the Fed is now seeing progress on inflation across the three main core areas.
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Last
$1.25 |
Change
0.015(1.21%) |
Mkt cap ! $1.367B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.22 | $9.222M | 7.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1495 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 485884 | 3 |
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| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
0.015 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.26 | $1.22 | 1338872 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| ZIP (ASX) Chart |