0446 GMT - Investors will be parsing Zip's next trading update for any signs of deterioration in the Australian payments provider's credit quality, Citi analyst Siraj Ahmed reckons. He acknowledges that Zip's U.S. growth momentum has continued and expects a positive March-quarter update, but wonders what some information might be forthcoming about the start of the subsequent quarter. He tells clients in a note that the key investor focus will be April's net bad debts. Citi has a buy rating and A$3.00 target price on the stock, which is down 7.4% at A$1.19. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 00:46 ET (04:46 GMT)
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