APT +5.22%: closed at a new record today with Jefferies calling for $153.08 out of the stock in the next 12 months. The bullish stance was built on Afterpay’s expansion into Europe and Asia on the back of a successful push in the US. The analyst also expects margins to improve over time on ever growing TTV. The price target is only a stone’s throw away. Shares were up +5.22%
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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