Qudian (QD) Misses Q1 EPS by 1c, Revenue Beats

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Qudian (QD) PT Lowered to $13 at Needham & Company

May 21, 2018 4:09 PM EDT

Needham & Company lowered its price target on Qudian (NYSE: QD) to $13.00 (from $20.00) while maintaining a Buy rating.

Analyst Mayank Tandon commented, "QD reported solid Q1 results with the ramp of the auto financing business offsetting softness in its core cash credit business. QD... More