0109 GMT - Zip keeps its bull at Macquarie amid sustained double-digit revenue growth and stable margins. A note from one of the investment bank's analysts tells clients that the top-line growth momentum results from rapid volume growth, tempered by a moderating take rate on the Australia-listed payment provider's growing tilt toward the U.S. Alongside that, the analyst points out that net transaction margin remained stable through FY 2026 amid improving funding costs and an increase in loan losses as a percentage of volumes. Macquarie keeps an outperform rating on the stock and raises its target price 2.9% to 3.60 Australian dollars. Shares are down 2.95% at A$2.465.
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