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Citi Remains a Buy on Zip Co Ltd. (ZIP)

Citi Remains a Buy on Zip Co Ltd. (ZIP)

Citi analyst Siraj Ahmed maintained a Buy rating on Zip Co Ltd. today and set a price target of A$3.10. The company's shares closed today at A$2.83.
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Ahmed covers the Technology sector, focusing on stocks such as Wisetech Global, Xero Limited, and Nextdc Limited. According to TipRanks, Ahmed has an average return of 10.9% and a 55.90% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zip Co Ltd. with a A$3.15 average price target, an 11.31% upside from current levels. In a report released on June 27, Goldman Sachs also maintained a Buy rating on the stock with a A$3.40 price target.
The company has a one-year high of A$3.56 and a one-year low of A$1.09. Currently, Zip Co Ltd. has an average volume of 19.9M.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZIP in relation to earlier this year.
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