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

By:
on Dec 6, 2021
Listen
  • 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.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

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.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

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

Copy link to section

What is ZIP stock?

Copy link to section

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?

Copy link to section

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

Copy link to section

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

Copy link to section
https://twitter.com/ChartmasterMike/status/1463619184970149894?s=20
Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Stock Exchange Stock Market