Where to buy ZIP (ASX: Z1P) shares after price sinks 10% to a 52-week low

on Dec 6, 2021
  • The ZIP stock is down -0.49 (-10.14%) today.
  • It is currently trading at 4.34 AUD.
  • Here is a brief guide on where to buy the ZIP stock.

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The price of ZIP shares has been on the decline in recent months amid broad weakness in the tech sector and particularly within the Buy Now Pay Later (BNPL) industry.

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While opinions on ZIP share price remain divided, a recent note from Morgans shows its analysts setting a target of $8.56 for the stock implying that investors have a potential of making about 96% in the next 12 months if they were to buy at its current price.

To help stock traders eying the ZIP stock, Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

Best places to buy ZIP Stock

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What is ZIP stock?

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ZIP stock is the stock of Zip Co Limited and it trades on the Australian Securities Exchange as zipMoney Limited (ASX: Zip).

Zip Co Limited is an Australian financial technology company that was founded in 2013. It was previously known as ZipMoney Limited.

Zip Co acquired Quadpay, a US-based Buy Now Pay Later company, in 2020 as it expanded its American footprint.

Should I buy the ZIP stock today?

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ZIP stock has a positive rating from several analysts including the Morgans and it could be a great time to buy now that its price has dropped.

ZIP stock price prediction

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Most analysts see ZIP stock correcting up to above $8 in the next 12 months, which means a return of about 96% for long-term investors.

$ZIP social media coverage

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