Yirendai (YRD) Reports Q2 EPS of RMB4.46

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Needham & Company Raises Price Target on Yirendai (YRD) Following Strong 2Q

August 11, 2016 7:05 AM EDT

Needham & Company reiterated a Buy rating on Yirendai Ltd. (NYSE: YRD), and raised the price target to $35.00 (from $14.00), following the company's 2Q earnings report. Revenue of $110.4 million was up 29.8% Q/Q and and 140% Y/Y, ahead of $97.0 million estimates. The company reported $0.67 in Non-GAAP EPS,... More