UBS Lifts Price Target on LexinFintech Holdings (LX) to $13.60 from $9.60

LexinFintech Holdings Ltd. (NASDAQ:LX) is one of the best cheap stocks with huge upside potential. On March 21, UBS raised the firm’s price target on LexinFintech Holdings Ltd. (NASDAQ:LX) to $13.60 from $9.60, keeping a Buy rating on the shares.

The analyst told investors in a research note that it has considerable confidence in LexinFintech Holdings Ltd.’s (NASDAQ:LX) turnaround trajectory in 2025 after Q4 2024 results.

LexinFintech Holdings Ltd. (NASDAQ:LX) reported a notable 113% year-over-year growth in net income in fiscal Q1 2025, reaching RMB430 million and highlighting its successful transformation to a data-driven business model.

The company’s net income also rose 19% quarter-over-quarter, along with a 27 basis point growth in net profit take rate.

LexinFintech Holdings Ltd. (NASDAQ:LX) leverages its proprietary platform and mobile application to match consumers with credit card needs to its financial institution partners.

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Disclosure: None. This article is originally published at Insider Monkey.