Markets Insider
UBS Keeps Their Buy Rating on Zip Co Ltd. (ZIP)
xCruzo Brief
UBS analyst Lucy Huang kept a Buy rating on Zip Co Ltd. (ZIP) and set a price target of A$4.70. Huang covers Communication Services and also follows stocks including CAR Group, REA Group Ltd, and Seek Limited. According to TipRanks, her recommended-stocks record shows an average return of -1.9% and a 42.03% success rate. A separate report from Citi, released on September 14, also maintained a Buy rating and set a lower A$3.20 target. Zip Co’s latest earnings for the quarter ended June 30 reported quarterly revenue of A$683.38 million and net profit of A$64.03 million, up from A$562.36 million revenue and A$56.89 million profit a year earlier.
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