LexinFintech Holdings Ltd. – Consensus indicates a potential increase of 109.0%
LexinFintech Holdings Ltd. with the ticker code (LX) now have 13 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 17.99 and 7.2 with an average TP of 12.27. Given that the shares’ previous close was at 5.87, this indicates that there is upside potential of 109.0%. The 50 day moving average is 5.94 while the 200 day moving average is 8.47. The company has a market capitalization of $ 1,063 million. Company website: http://www.lexin.com
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer and consumer credit platform for young professionals in the People’s Republic of China. The company operates Fenqile.com, a consumer and consumer credit platform that offers installment purchase loans, personal installment loans and other loan products, as well as direct sales in line with installment payment terms; and Le Card, a membership platform, which offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure industries. It also links user loans with diverse funding sources, including individual investors on its online investment platform Juzi Licai, third party commercial banks, consumer credit companies, institutional funding partners, investors. of its asset-backed securities and other licensed financial institutions. In addition, the company offers technical assistance and consulting services; Software development services; and financial technology services. The company was previously 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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