Qifu Technology (QFIN) PT Raised to $50 at Jefferies

Jefferies analyst Thomas Chong raised the price target on Qifu Technology (NASDAQ: QFIN) to $50.00 (from $42.00) while maintaining a Buy rating.

The analyst comments "QFIN reported 4Q results with non-GAAP earnings ahead of consensus. Midpoint of 1Q non-GAAP earnings guidance is ahead of expectations. In 1Q25, we expect loan volume to benefit from better-than-expected seasonality based on current visibility. AI is applied in loan application, monitoring, and collection, as well as user acquisitions. For 2025, we revise up non-GAAP earnings and EPADS to factor in solid execution and share buyback program. Maintain Buy."

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