QFIN250117C40000
- 0.81
- -0.19-19.00%
Qifu Technology Newsroom
These 4 Business Services Stocks Should Not Stop Rewarding Investors
Shares of Financial Companies Are Trading Lower Amid Overall Market Weakness Following the Fed's Rate Decision to Cut Rates by 25 Basis Points.
Express News | Shares of Financial Companies Are Trading Lower Amid Overall Market Weakness Following the Fed's Rate Decision to Cut Rates by 25 Basis Points
Market Might Still Lack Some Conviction On Qifu Technology, Inc. (NASDAQ:QFIN) Even After 29% Share Price Boost
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
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Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Express News | China Signals Major Policy Shift: Hang Seng and Chinese Stocks Rally on Easing Measures
Here's Why Qifu Technology, Inc. (QFIN) Is a Great Momentum Stock to Buy
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Monday Trading
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.
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.
Qifu Technology Stock Skyrockets 94% in 6 Months: Play It or Let Go?
Risk of US Credit Cycle Overheating Underpriced, Deutsche Bank Says