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Afterpay: Our sales just doubled again. UBS: You’re still worth $30 – Stockhead
Afterpay (ASX:APT) has released its latest half-yearlies, and resident hater UBS bank still ain’t impressed. The BNPL market leader reported underlying sales of…
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Afterpay (ASX:APT) has released its latest half-yearlies, and resident hater UBS bank still ain’t impressed.
The BNPL market leader reported underlying sales of $9.8 billion for the six months to December 31, a gain of 106 per cent.
That flowed through to revenue of $417m (up 89 per cent), just shy of the UBS estimate of $432m.
UBS noted those were “strong sales and customer numbers”.
But the bank still has a bright red Sell rating on the stock with a 12-month price target…
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