$4 in February seems highly unlikely, even with solid Q2 results. ZIP has added very few customers over the past 12 months, which is a major concern for a growth-focused company. They are also losing market share, and the cost of trying to regain it through higher marketing and acquisition spending will likely weigh heavily on profitability.
The idea of $5 by March/April feels overly optimistic. The "higher for longer" interest rate environment is already putting pressure on margins, and without meaningful customer growth, ZIP’s US expansion has been underwhelming. Market conditions and rising competition make it hard to justify those price levels.
ZIP Price at posting:
$3.25 Sentiment: Sell Disclosure: Not Held
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