Citi hikes Australia's Zip target price on US growth prospects

Zip Co

12/06/2025 06:38

** Citi sees continued growth for BNPL firm Zip ZIP.AX in U.S. as new products Pay in 8, Pay in Z, and Zip Card expected to drive customer spending

** Brokerage raises PT by 3% to A$3.10, retains "buy" rating

** Citi also lifts FY cash EBTDA forecast to A$162 mln  ($105.24 mln) after co on Wed raised FY25 forecast for cash EBITDA to at least A$160 mln

** Zip trading 0.2% at A$2.685 on Thur

** Stock rated "buy" on avg; median PT A$3.2 - data compiled by LSEG

** YTD, stock down 9.5%

($1 = 1.5394 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))