Z1P – ZIP CO LIMITED UBS rates the stock as Sell
Sell rating and $0.45 target price are unchanged.
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BNPL: From Hip and Sizzle to Zip and Sezzle
The Buy Now Pay later mess got even messier on Tuesday when the ZIP – Sezzle merger fell apart and the market realised the Commonwealth Bank’s stake in European giant Klarna had collapsed.
Read MoreOne Hummdinger of a Boardroom Spill
The acrimony on the Humm Group board over the failed attempt to sell its consumer finance business spilled over in the shape of wholesale boardroom changes on Wednesday.
Read MoreApple Entry Sends BNPL Sector into Panic Mode
The already struggling BNPL sector took a further hit on the ASX Tuesday after Apple announced a major expansion of Apple Pay to Apple Pay Later, a form of buy now pay later.
Read MoreZ1P – Morgans rates the stock as Add
Morgans makes significant downgrades to FY22 and FY23 EPS estimates of more than -50% and lowers its target price to $3.94 from $7.54. Add retained.
Read MoreFurther Rationalisation Afoot in BNPL Space
ZipCo is seeking to buy rival Sezzle in a $491 million all share deal that Zip claims will accelerate its path to profitability, even in the face of tougher conditions in the once buoyant sector.
Read MoreZ1P – UBS rates the stock as Sell
UBS retains a Sell rating and $5.40 target.
Read MoreProfit Briefs: APT, Z1P, WTC
Results from three key tech stocks – Afterpay, Zip Co – and Wisetech Global tell an interesting story about the future of the space in Australia once Afterpay is no more.
Read MoreZipping Along Quite Nicely
Zip Co had a very good June quarter judging by the latest figures from the company on Thursday, as revenue doubled in the quarter compared with last year led by a further surge in its US business.
Read MoreIs Zip Co Primed To Zap Lower?
Growth is stellar for payments operator Zip Co, particularly in the US, but is it being primed for a fall?
Read MoreZ1P – UBS rates the stock as Sell
UBS retains a Sell rating and raises the target to $6.50 from $6.40.
Read MoreZ1P – Citi rates the stock as Neutral
Citi sees the third round of stimulus in the US as positive for the BNPL sector as it could support consumer spending. The Neutral rating and $11.35 target are unchanged.
Read MoreZ1P – UBS rates the stock as Downgrade to Sell
Australasian customer growth surpassed rival Afterpay ((APT)) in the first half and UBS expects cash operating earnings to be at breakeven in FY21. UBS downgrades to Sell from Neutral and raises the target to $6.40 from $5.70.
Read MoreAfterpay, Zip Declare Losses Now, Hope for Profits Later
While Afterpay shares were suspended until Monday to allow the company to raise $1.25 billion, shares in BNPL rival Zip took a hammering after an unimpressive interim report.
Read MoreZ1P – Citi rates the stock as Neutral
On its earnings release, PayPal noted its new BNPL product has proven to be the fastest launch for the company ever. It’s a double-edged sword for locals Afterpay and Zip Co, the broker suggests. Neutral and $6.50 target retained on Zip.
Read MoreZ1P – UBS rates the stock as Neutral
Zip Co has announced a capital raising of up to $150m. Proceeds will be used for the US and UK expansion. UBS believes the company is now well situated for growth strategies in new markets and new products. Target is $5.70.
Read MoreZ1P – Citi rates the stock as Upgrade to Neutral from Sell
Citi notes increasing competition does not appear to have affected customer usage or margins in the company’s October trading update. Yet the broker continues to envisage downside risk to medium-term growth forecasts and margins from competition.
Read MoreIs The Sharemarket Correctly Pricing In Fundamentals?
Anton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MoreCompetition Heats Up In Buy Now Pay Later
Competition in the Buy Now Pay Later market is accelerating, as rivals are attracted to the economics generated by first mover Afterpay. How well can the two local providers withstand the onslaught?
Read MoreJust Another Day in The Post-COVID Sharemarket
Despite reporting very upbeat results, Metcash’s share price barely moved, while Zip was rewarded on the announcement of its new deal with the share price soaring 27%. Anton Tagliaferro along with IML Portfolio Manager Daniel Moore dig into what is going on.
Read MoreZ1P – UBS rates the stock as Downgrade to Sell from Neutral
The trading update was strong, with total transaction volumes increasing by 62%. Second half revenue grew 88%.
Read MoreZ1P – UBS rates the stock as Buy
UBS points out recent market concerns are focused on the company’s ability to manage credit risk and funding and the performance in April should alleviate some of the concerns.
Read MoreThe BNPL Sector Faces Its Sternest Test
The New Criterion’s Tim Boreham assesses what the virus and lockdown mean for Afterpay and other listed buy now, pay later companies.
Read MoreZ1P – Morgans rates the stock as Hold
The company has announced a $60m capital raising involving a $50m placement and $10m share purchase plan. The funds will be used for growth, investment in products and technology and to strengthen the balance sheet.
Read MoreAmazon Puts Zip Co Payments In The Basket
Payment provider Zip Co has been boosted by the announcement of a strategic partnership with Amazon Australia.
Read MoreHigh Flying Tech Stocks Set Face More Scrutiny
The big test of Australia’s still frothy listed tech sector intensifies from today as investor luvvies like Afterpay Touch, Zip, and WiseTech Global come under renewed pressure from suddenly sceptical traders.
Read MoreA Reality Check For The Buy Now Pay Later Sector, Or The Beginning Of The Beginning?
The Australian Stock Exchange’s status as the global home of listed buy now pay later stocks is under scrutiny and yet the bandwagon keeps rollin’ on.
Read MoreZ1P – Morgans rates the stock as Add
The company has completed a $43m placement to fund growth initiatives and strengthen its balance sheet. Morgans considers the capital raising opportunistic but believes the strong growth trends warrant accelerated investment.
Read MoreTime To Bank On The Small Fry?
Not everything’s going right for the smaller banks, but the findings of the Hayne Royal Commission present a perfect opportunity to woo discontented Big Four customers. Should investors follow?
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