0426 GMT - Zip's bulls at UBS think the Australian payment provider is oversold, given its momentum in the world's largest consumer economy. UBS analysts view U.S. customer growth as the highlight of the installment platform's 3Q result, backed by improving trends in credit performance indicators. In summary, the company's growth story remains intact for UBS, albeit with investors fretting about how U.S. performance will hold up in a more volatile economic environment. The analysts tell clients in a note that Zip's upgraded earnings guidance still looks conservative. UBS trims its target price by 4.5% to A$3.20 and keeps a buy rating on the stock, which is down 3.2% at A$1.665. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 00:26 ET (04:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。