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.
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