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According to TipRanks, Ahmed is a 3-star analyst with an average return of 2.1% and a 43.15% success rate. Ahmed covers the Technology sector, focusing on stocks such as Netwealth Group Ltd., Wisetech Global, and Xero Limited.
In addition to Citi, Zip Co Ltd. also received a Buy from UBS’s Lucy Huang in a report issued yesterday. However, on the same day, TipRanks – Google reiterated a Hold rating on Zip Co Ltd. (ASX: ZIP).
Based on Zip Co Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$562.36 million and a net profit of A$56.89 million. In comparison, last year the company earned a revenue of A$441.2 million and had a GAAP net loss of A$61.81 million
Based on the recent corporate insider activity of 11 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.
