According to reporting by the
Australian Financial Review, the broker UBS thinks that Afterpay’s growth rate in Australia is going to fall a lot later this year as it reaches maturity in its first market.
The broker continues to think that the ASX 200 BNPL business is going to attract more attention from the Reserve Bank of Australia as merchants pay around eight times more than debit cards.
UBS thinks that the Afterpay share price is too high because of rising competition, regulation and uncertainty of the execution of growth plans, as well the high Afterpay valuation.
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