Key Highlights:
- LexinFintech's Q1 adjusted net income per ADS surged to RMB2.62, with significant growth in total adjusted net income.
- Despite impressive earnings growth, total revenue declined by 4.3% year-over-year to RMB3,104 million.
- Analysts provide a positive outlook with a consensus "Buy" recommendation for LexinFintech Holdings Ltd (LX, Financial).
LexinFintech Holdings Ltd (LX) reported an impressive rise in its first-quarter adjusted net income per ADS, soaring to RMB2.62. The company's total adjusted net income for the quarter hit RMB472 million, marking a substantial increase from the previous year. However, it wasn't all positive as total revenue experienced a 4.3% decline to RMB3,104 million. This mixed financial performance has prompted varied responses from the investment community.
Wall Street Analysts Forecast for LexinFintech
Wall Street analysts have set a range of one-year price targets for LexinFintech Holdings Ltd (LX, Financial), reflecting continued interest in the stock. The average target price from six analysts stands at $11.88, with projections ranging from a high of $14.98 to a low of $4.79. This average target suggests a potential upside of 37.03% from the current trading price of $8.67. Investors seeking more detailed analyst estimates can access additional data on the LexinFintech Holdings Ltd (LX) Forecast page.
The consensus recommendation from six brokerage firms currently rates LexinFintech Holdings Ltd (LX, Financial) with an average score of 1.5, indicating a "Buy" status. The rating scale ranges from 1 to 5, where 1 represents a Strong Buy, and 5 suggests a Sell position. This optimistic outlook from analysts highlights the stock's potential in the eyes of the market.
Investors' Perspective on GF Value
Despite the positive analyst sentiment, the GF Value for LexinFintech Holdings Ltd (LX, Financial) presents a contrasting view. According to GuruFocus estimates, the GF Value in one year is projected at $3.24, implying a downside of 62.63% from the current share price of $8.67. GF Value is a valuable metric used by investors, calculated based on historical stock multiples, past business growth, and future performance estimates. For a comprehensive analysis of LexinFintech's valuation, visit the LexinFintech Holdings Ltd (LX) Summary page.
