Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Afterpay (APT) share price forecast: Is it still worth $34?

The Afterpay (ASX: APT) share price is rebounding strongly. It's up another 10% today to above $21.

The Afterpay (ASX: APT) share price is rebounding strongly. It’s up another 10% today to above $21.

What is Afterpay?

It’s the owner of the popular “buy now, pay later” app. As of 2019, Afterpay had over 4 million registered users worldwide, making it one of Australia’s true technology success stories. Afterpay is trying to emulate its outstanding success in Australia by expanding its reach into the UK, using the ‘Clearpay’ brand name, and into the USA, where it has signed major social influencers to endorse its service.

Is the Afterpay share price worth $34?

Source: Google Finance

At one point the Afterpay share price was down 80% to $9. Now it’s only down 47.5%. Meaning, since that low point it has rebounded over 130%.

Analysts make various estimates about where they think the share price will be in 12 months time. According to WSJ, the average share price target for Afterpay is $34 right now. But some of these valuations may be based on old expectations.

Shopping centres around the world are being closed temporarily because of COVID-19. People are less focused on buying the latest clothing and thinking more about their income.

The thing is, Afterpay wasn’t profitable even before this pandemic, so COVID-19 could push back profitability for Afterpay for a year or two. It was aiming to reach 9.5 million active customers by the end of FY20.

The buy now, pay later leader may have to wait some time before its underlying sales go back to normality. But knowing Afterpay shares, it could jump back to $34 very quickly.

[ls_content_block id=”18457″ para=”paragraphs”]

Disclosure: at the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content