In a report released on January 5, Thomas Chong from Jefferies maintained a Buy rating on FinVolution Group (FINV – Research Report), with a price target of $6.00. The company’s shares closed last Friday at $4.87.
Chong covers the Communication Services sector, focusing on stocks such as Tencent Holdings Limited, China Literature, and Kingsoft. According to TipRanks, Chong has an average return of -6.6% and a 30.36% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FinVolution Group with a $6.02 average price target.
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FINV market cap is currently $1.38B and has a P/E ratio of 4.13.
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FinVolution Group (FINV) Company Description:
FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. The firm accumulates in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The company’s platform, empowered by proprietary cutting-edge technologies, features an automated loan transaction process, which enables a superior user experience. FinVolution Group was founded by Shao Feng Gu, Hong Hui Hu, Tie Zeng Li, and Jun Zhang in 2007 and is headquartered in Shanghai, China.
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