Market Chatter: Citi Lifts Fiscal 2026 to Fiscal 2028 Zip Cash EBITDA Forecasts
MT Newswires Live
Jan 16
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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