Pushpay Holdings has emerged as a standout performer on the New Zealand Exchange, drawing investor attention amid a broadly subdued market. The digital donation platform, which primarily serves faith-based and non-profit organisations in the United States, has seen its share price rise 8% over the past week, cementing its place as a leading growth story in the current cycle.
This recent rally is underpinned by a flurry of analyst upgrades and renewed interest in the digital giving sector. Jarden has revised its recommendation on Pushpay to ‘outperform’, raising its 12-month price target from NZ$7.90 to NZ$9.30. Forsyth Barr followed suit, lifting its target from NZ$12 to NZ$13 and reaffirming strong earnings expectations.
The confidence from the analyst community reflects Pushpay’s robust growth outlook. The company is projecting a 55% rise in donation volume and a 128% increase in EBITDA. These gains are being driven by the accelerating shift towards digital donations in the US faith sector, particularly in the wake of Covid-era behavioural changes which have made online giving a permanent feature of charitable engagement.
Pushpay’s cloud-based platform has become essential for many of its institutional clients, offering integrated giving, mobile apps, donor engagement tools, and insights that help religious organisations retain and grow their donor bases. This ecosystem effect has strengthened client loyalty and driven consistent revenue growth.
While much of the New Zealand market remains subdued, with light turnover and cautious sentiment prevailing in other sectors, Pushpay’s performance stands in stark contrast. It exemplifies how a niche tech solution, well-targeted and scalable, can deliver strong returns even in uncertain conditions.
Pushpay’s momentum, coupled with growing digital adoption trends and positive analyst sentiment, makes it a natural choice for “Share of the Week.” Investors seeking exposure to technology-enabled giving, backed by recurring revenues and a defensible market niche, may find Pushpay a compelling proposition as 2025 unfolds.
Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and consult with a licensed financial adviser before making investment decisions.
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