Jefferies analyst Thomas Chong maintained a Buy rating on FinVolution Group (FINV – Research Report) today and set a price target of $5.80. The company’s shares closed yesterday at $4.94.
According to TipRanks, Chong is an analyst with an average return of -4.7% and a 35.37% success rate. Chong covers the Communication Services sector, focusing on stocks such as China Literature, Tencent Holdings Limited, and Meitu.
FinVolution Group has an analyst consensus of Moderate Buy, with a price target consensus of $5.55.
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FINV market cap is currently $1.4B and has a P/E ratio of 4.19.
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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.
