Beyond its potential positive impact on the top-line, Afterpay Money could also help the company boost engagement, reduce processing costs, and provide the company with more granular data on its customers.By FY25 analysts think Australian cashback commissions could hit $136 million.
Strongly aligned with Afterpay’s customer-centric focus, Morgan Stanley says it sees 'cashback as the most promising new segment'. Tangibly, the investment bank models the Afterpay Money uplift potential in Australia to $167 million in FY23, $359 million in FY24 and $589 million in FY25. Afterpay Money, once up and running, could eventually help the company more than double its Australian revenues. Here were the key points from that report: Storied investment bank Morgan Stanley this week reiterated their $145 price target (PT) and Overweight rating on Afterpay. Click on ‘buy’ or ‘sell’ in the deal ticketĪlternatively, you can invest in shares directly through our share trading service. Enter ‘APT’ in the search bar and select it. Create an IG Trading Account or log in to your existing account. What's your view on the BNPL sector? Whatever you think, you can use CFDs to trade both rising and falling markets, through IG’s world-class trading platform now.įor example, to buy (long) or sell (short) Afterpay using CFDs, follow these easy steps: Sezzle also saw its share price rise during Friday’s morning session, though to a less pronounced degree than Afterpay or Zip. Morgan Stanley did release a new research note on Afterpay (which we will look at below), but even with that, the broker was merely reiterating its last price target ($145 per share) which, might I add, it had been in a process of successively lowering since February. #ZIP SHARE PRICE ASX UPDATE#
The Fed also increased its inflation expectations for the full-year.Īustralia, as is has the proclivity to do, mirrored those US market moves: by 11:16 the ASX All Tech Index was up an astounding 3.51% to 2,971 points.īut Afterpay and Zip themselves have released no news or update that may have caused this spike. That was ahead of the Fed’s previous comments which suggested rates wouldn’t be raised until 2024. This comes after the Fed indicated that rates could be raised as soon as 2023. The same beats that journalists are seemingly in a perpetual cycle of covering were attributed to this run: tech stocks were up because the market expected a faster economic recovery, but they also managed to ‘shrug off’ the Federal Reserve’s hawkish messaging, according to Reuters. Overnight the tech-heavy Nasdaq 100 was up 1.29%, and the US-focused Buy Now Pay Later company Affirm, rose 2.94%. Investors piled back into Afterpay and Zip) during Friday's morning session, with the stocks up 6.17% and 7.83%, respectively.
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