Qifu Technology Inc. (QFIN)
NASDAQ: QFIN · IEX Real-Time Price · USD
19.79
+0.09 (0.46%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Qifu Technology Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Qifu Technology stock have an average target of 24.15, with a low estimate of 23.8 and a high estimate of 24.5. The average target predicts an increase of 22.03% from the current stock price of 19.79.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 14, 2024.
Analyst Ratings
The average analyst rating for QFIN stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $24 → $24 | Strong Buy | Maintains | $24 → $24 | +20.26% | Mar 14, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $25 | Strong Buy | Initiates | $25 | +23.80% | Jul 6, 2023 |
| Citigroup | Citigroup | Strong Buy Maintains $27 → $25 | Strong Buy | Maintains | $27 → $25 | +28.30% | May 26, 2022 |
| Morgan Stanley | Morgan Stanley | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Apr 24, 2020 |
Financial Forecast
Revenue This Year
16.69B
from 16.29B
Increased by 2.42%
Revenue Next Year
17.28B
from 16.69B
Increased by 3.55%
EPS This Year
31.94
from 26.08
Increased by 22.46%
EPS Next Year
35.44
from 31.94
Increased by 10.96%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.2B | 18.8B | 20.5B | 23.4B | 25.0B |
| Avg | 16.7B | 17.3B | 18.9B | 22.7B | 24.3B |
| Low | 15.2B | 15.4B | 15.8B | 21.9B | 23.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.6% | 12.6% | 18.8% | 23.6% | 10.1% |
| Avg | 2.4% | 3.6% | 9.6% | 20.1% | 7.0% |
| Low | -6.9% | -7.8% | -8.5% | 15.4% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.66 | 43.84 | 50.98 |
| Avg | 31.94 | 35.44 | 39.88 |
| Low | 29.04 | 30.32 | 34.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.7% | 37.3% | 43.9% |
| Avg | 22.5% | 11.0% | 12.5% |
| Low | 11.3% | -5.1% | -3.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.