Top broker thinks the Openpay (ASX:OPY) share price is dirt cheap

The Openpay Group Ltd (ASX: OPY) share price was out of form on Friday and dropped lower again.

The buy now pay later provider’s shares dropped 0.75% to $2.75.

This means the Openpay share price is now down 43% from its 52-week high of $4.80.

Is this a buying opportunity?

One broker that believes this is a buying opportunity is Shaw & Partners.

In fact, the broker believes Openpay’s shares can go even higher than its 52-week high over the next 12 months.

According to a note out of the broker this week, its analysts have reiterated their buy rating and $5.00 price target on the company’s shares.

Based on the current Openpay share price, this price target implies potential upside of 82%.

What did the broker say?

Shaw & Partners…