B. Riley Initiates Coverage on Zip Co Ltd. With Buy Rating
B. Riley Securities began coverage of Zip Co Ltd. with a Buy rating and set a A$4.70 price target. TipRanks and market commentary show strong buy consensus and an average A$4.28 target. Zip Co Ltd. reported quarterly revenue of A$683.38 million and net profit of A$64.03 million for the quarter ended June 30, up from A$562.36 million revenue and A$56.89 million profit a year earlier.