Qifu Technology Delivers Strong Q1 Results, Citi Hikes Price Target

Qifu Technology, Inc. (NASDAQ:QFIN) sentiments have received a significant boost on first-quarter 2025 results coming in better than expected on May 20. The company’s financial results affirmed significant growth in user engagement and loan facilitation volumes as it navigated macroeconomic challenges.

China's leading provider of credit tech platforms says it recorded an 11.1% increase in the number of consumers connected by financial institutional partners to 268.2 million. Consequently, the company posted revenue of RMB4,690.7 million (US$646.4 million), an improvement from RMB4,482.3 million in the prior quarter. Net income was RMB1,796.6 million (US$247.6 million), compared to RMB1,912.7 million in the prior quarter. The Chief Executive Officer said first-quarter results were stronger despite ongoing macroeconomic challenges.

The better than expected quarterly results came as Qifu Technology increasingly capitalizes on the maturity and efficiency of large language models in the financial sector. In addition, analysts at Citi  have reiterated a Buy rating on the stock, and hiked the price target to $58.50 from $55, impressed by the strong Q1 results.

While we acknowledge the potential of Qifu Technology, Inc. (NASDAQ:QFIN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QFIN and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.