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Broker tips Hipages (ASX:HPG) share price to zoom 35% higher



The Hipages Group Holdings Ltd (ASX: HPG) share price has been a positive performer over the last 30 days.

Since this time last month, the online tradie marketplace provider’s shares are up almost 10%.

Can the Hipages share price go higher?

Despite its strong gain over the last month, one leading broker believes its shares can still go a lot higher from here.

According to a note out of Goldman Sachs this morning, the broker has reiterated its buy rating and $3.10 price target on its shares.

Based on the current Hipages share price, this implies potential upside of 35% over the next 12 months.

What did Goldman Sachs say?

Goldman notes that Hipages is leveraged to steady underlying repairs and maintenance spend in the Australian…

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