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LexinFintech Holdings Ltd. found using the ticker (LX) now has 7 analysts covering the stock with a consensus offering a Buy rating. The price target ranges between 3.96 and 1.81, calculating the average price target we have 2.54. Given that the stock’s previous close was at 1.94, that would mean it has a potential upside of 30.9%. The 50-day moving average is now 1.62, while the 200-day moving average is 2.1. The company’s market capitalization is $343 million. Find more information at: https://www.lexin.com
Based on the market consensus, the potential market cap would be $449 million.
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LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People’s Republic of China. The Company operates Fenqile.com, an online consumer and consumer finance platform that offers installment purchases and personal installment loans, as well as providing online direct sales with installment payment terms; and Le Hua Card, scenario-based lending. It also provides technology-driven platform services to increase revenue, manage financial risks, improve operational efficiency and service quality, improve collections and reduce overall costs; Maiya app, a location-based shopping service with buy now and pay later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. In March 2017, LexinFintech Holdings Ltd. was incorporated in 2013 and is headquartered in Shenzhen, People’s Republic of China.
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