Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Monday Trading

MT NewswiresDec 2 10:40 ET

Citi raised qifu technology-S (03660.HK) target price to $44.

In the latest research report, CLSA announced the target price of qifu technology has been raised from $29.90 to $44, and reiterated the 'Outperform' rating, surpassing the large cap. This adjustment reflects CLSA's confidence in qifu technology's strong third-quarter performance and positive shareholder return policy. Qifu Technology's performance in the third quarter of 2024 exceeded market expectations, with a significant increase in net income, a sharp rise in take rate, and continued improvement in risk indicators. Analysts predict that qifu technology's net income for 2024 and 2025 will increase by 9.9% and 5% respectively.

Gelonghui FinanceDec 2 10:40 ET

Analysts expect that qifu technology (QFIN.US) will continue to achieve growth above that of its peers.

Citigroup maintains a buy rating on qifu technology and significantly raises the target price.

Zhitong FinanceDec 2 10:24 ET

Qifu Technology Stock Skyrockets 94% in 6 Months: Play It or Let Go?

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