ZIP Co Ltd (ZIP)
Hi I just wondering your thoughts on ZIP after reaching $3.50 down to $2.46 which is quite a large movement in stock without any announcements. Regards Wayne
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Answer
Hi Wayne,
ZIP has been re-rated in a similar fashion to many of the growth names across the ASX albeit not as aggressively as the software stocks. ZIP continues to execute well with revenue set to grow by 45% over the next 2-years. The company reported a $79.9mn profit in FY25, a milestone that’s set to be eclipsed in FY26 making this an ideal business to buy/accumulate during the current market volatility, where quality businesses are dragged down with the masses.
- We remain long ZIP in our Emerging Companies Portfolio with a 4% target weight.
