Lake Street analyst Jacob Stephan initiated coverage with a Buy rating on MoneyLion (ML – Research Report) today and set a price target of $75.00. The company’s shares closed yesterday at $49.94.
According to TipRanks, Stephan is a 4-star analyst with an average return of 17.6% and a 72.00% success rate. Stephan covers the Technology sector, focusing on stocks such as 3D Systems, Stratasys, and Materialise.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MoneyLion with a $60.50 average price target, representing a 21.15% upside. In a report released on December 12, Craig-Hallum also maintained a Buy rating on the stock with a $55.00 price target.
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ML market cap is currently $513.5M and has a P/E ratio of -2.45.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ML in relation to earlier this year.
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MoneyLion (ML) Company Description:
Fusion Acquisition Corp is a blank check company.
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