0016 GMT - Growth in Kogan.com's membership could slacken due to the Australian retailer's recent price rise, Bell Potter analyst Chami Ratnapala says. She tells clients in a note that, while Ebitda growth appears to be improving into the key holiday trading period, April's membership price rise could impact the pace of net additions over the whole of the December half. Overall, Ratnapala says that Kogan.com appears to be performing in line with her expectations and keeps a hold rating on the stock. She raises her target price 1.9% to A$5.30. Shares are up 2.3% at A$5.085. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 25, 2024 19:16 ET (00:16 GMT)
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