Nomura analyst Martin Ma maintained a Buy rating on Lexinfintech Holdings (NASDAQ:LX) Ltd on Thursday, setting a price target of $11.75, which is approximately 30.56% above the present share price of $9.
Ma expects Lexinfintech Holdings Ltd to post earnings per share (EPS) of -$3.74 for the second quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Lexinfintech Holdings, with an average price target of $11.75.
The analysts price targets range from a high of $11.75 to a low of $11.75.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.5 billion and a net profit of -$312.63 million. The company's market cap is $1.63 billion.
According to TipRanks.com, Nomura analyst Martin Ma is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -5.4% and a 33.33% success rate.
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. Through its subsidiaries, it provides online direct sales with installment payment terms; installment purchase loans; and personal installment loans. Its services are offered though its online consumer finance platform, www.fenqile.com; and mobile application. The company was founded by Wen Jie Xiao and Qian Qiao on November 22, 2013 and is headquartered in Shenzhen, China.