Business
Afterpay (ASX:APT) share price given $40 price target
ASX investors have long struggled with a seemingly simple question: how much are shares of Afterpay Ltd (ASX: APT) really worth? At the time of writing, the market has decided a price of $124.38 is appropriate. But, judging history, this could change dramatically in the future. Back on 10 February, Afterpay was judged to be worth $160 a share at one point. And of course, in March last year, the market decided that a price under $9 was fair.
Since Afterpay doesn’t yet make positive earnings, or official profits just yet, it’s hard to value this company on its cash flows (or lack thereof). So it has turned into a ‘future profits’ game for this company.
Well, one investor isn’t so optimistic.
According to a report in the…
-
General22 hours agoByford rail extension opening marks final stage of Perth Metronet
-
General24 hours agoMango the muster cat draws attention to western Queensland’s ongoing recovery
-
General15 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
Noosa News20 hours agoSerious traffic crash, Noosa – Sunshine Coast