LexinFintech Holdings Ltd. with ticker code (LX) now has 13 analysts covering the stock, with consensus suggesting a ‘buy’ rating. The target price is between 17.98 and 7.19 with a mean TP of 12.45. With the previous closing price of 5.77, this would mean there is a potential upside of 115.8%. The 50 day moving average is 6.65 and the 200 day MA is 9.19. The company’s market capitalization is $ 1,046 million. More information is available at: http://www.lexin.com
LexinFintech Holdings Ltd. operates through its subsidiaries as an online consumption and consumer finance platform for young professionals in the People’s Republic of China. The company operates Fenqile.com, a consumer finance platform that offers installment purchase loans, personal installment loans and other credit products, as well as online direct sales with installment terms; and Le Card, a membership platform that offers savings, benefits and membership privileges for the food and beverage, apparel, hospitality and leisure sectors. It also matches user loans with diversified funding sources, including individual investors on its online investment platform Juzi Licai, third-party commercial banks, consumer finance firms, institutional funding partners, investors in its asset-backed securities, and other licensed financial institutions. In addition, the company offers technical support and consulting services; Software development; and financial technology services. The company was previously called Staging Finance Holding Ltd. and was incorporated into LexinFintech Holdings Ltd. in March 2017. renamed. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, People’s Republic of China.
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