Shaw and Partners puts $2 price target on BNPL player Zebit

Ecommerce play Zebit (ASX:ZBT) became the latest US fintech to join the ASX when it listed on October 26.

The company’s offering includes a BNPL service as part of a broader online shopping platform for US customers.

Applying a discounted cash flow (DCF) model, Younis arrived at a 12-month valuation of $2 per share — a premium of around 75 per cent to yesterday’s close.

The forecast is based on Zebit’s capacity to maintain its historic rates of revenue growth, and resulted in a buy recommendation with a high risk rating.

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