2230 GMT - Australian buy-now-pay-later operator Zip needs to grow customer numbers this year to justify a further re-rating of the stock, according to its bull at Jefferies. Analyst Roger Samuel tells investors that he is confident in Zip's ability to add customers in the U.S., where the ASX-listed company has partnerships with Stripe and Google. Zip's CEO has also disclosed talks with Apple. This is one of three potential catalysts that Samuel sees for the stock, including Zip becoming a takeover target or announcing new merchant partnerships. Jefferies keeps a buy rating and A$3.80 target price on the stock, which is at A$2.90 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 17:30 ET (22:30 GMT)
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