Stocks Down Under 28 May 2020: AfterPay, Bellevue Gold, Hotel Property Investments

AfterPay: Reached our $50 target. Where to from here?

As our readers will know, we at Stocks Down Under are very bullish on the Buy Now, Pay Later (BNPL) space. Last year we called a share price target for AfterPay of $50. On 26 May, the shares finally hit that target after COVID-19 temporarily spoiled the party. Following the low point of the Corona Crash on 23 March, when AfterPay bottomed around $8.30, the shares have bounced back remarkably, to the point where they are now trading at a level that could be interpreted as a psychological hurdle for many investors. The question is: What to do with AfterPay shares at these levels?

Get access to this edition and all previous ones with a FREE 2-week Trial. No charge on sign up.

 
Please register or upgrade your plan to access this content.

Save $$$
30-Day Free Trial
$0
No Credit Card Required!
Get access to 4 publications
Weekly Investor Webinar
Access to Marc & Stuart's Top Picks
Profit Premium
$69
Get access to 4 publications
Access to the full research Archive
Weekly Investor Webinar
Access to Marc & Stuart's Top Picks
30-Day Free Trial
$0
No Credit Card Required!
Get access to 4 publications
Weekly Investor Webinar
Access to Marc & Stuart's Top Picks
Profit Premium
$59
BILLED ANNUALLY
Get access to 4 publications
Access to the full research Archive
Weekly Investor Webinar
Access to Marc & Stuart's Top Picks