Citi sees Australia's Zip to post strong Q2 results in the US, hikes PT

Zip Co

28/01/2025 20:00

** Analysts at Citi expects digital financial services firm
Zip  ZIP.AX  to post strong Q2 results in the U.S. segment
    ** Citi says Zip's peer Sezzle recently upgraded its outlook
and app data pointed to a pick-up in new customer acquisition in
the U.S.
    ** Citi hikes PT by 5% to A$3.30; maintains "neutral" rating
    ** Brokerage hikes FY25 to FY27 cash EBITDA forecasts by 2%
to 5%
    ** Citi sees flat total transaction value for its ANZ
segment in Q2 but expects revenue yields to increase
    ** Analysts on average rate the stock "buy"; their median PT
is A$3.65, according to data compiled by LSEG
    ** Zip has risen over 6% this year, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))