Citi lifted its fiscal year 2026 to fiscal year 2028 cash earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts for Zip Co (ASX:ZIP) by 3% to 6% to reflect stronger total transaction value growth and net transaction margin expansion, according to a Friday report by The Australian Financial Review.
Net bad debts will be a key focus at the first-half result, Citi analyst Siraj Ahmed said.
The bank maintained its buy rating on Zip Co with a AU$4.30 price target.
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