LexinFintech Holdings Ltd. – Consensus indicates upside potential of 113.6%

LexinFintech Holdings Ltd. with the ticker code (LX) now have 13 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price varies between 17.98 and 7.19 by calculating the average target price that we see 12.45. Given that the shares’ previous close was at 5.83, this indicates that there is potential for a rise of 113.6%. The 50-day AD is 6.08 and the 200-day AD is 8.6. The company has a market capitalization of $ 1,070 million. More information on: 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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