LexinFintech Holdings Ltd. – Consensus indicates upside potential of 147.1%

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 17.95 and 7.18 by calculating the average target price that we see 11.59. Given that the shares’ previous close was at 4.69, this indicates that there is a potential upside of 147.1%. The 50-day MA is 5.75 and the 200 moving average now drops to 8.82. The company has a market capitalization of $ 867 million. You can visit the company’s website by visiting: 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 finance 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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