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An announcement from OneConnect Financial Technology ( (OCFT) ) is now available.
OneConnect Financial Technology Co., Ltd. released its 2025 Interim Report, revealing a significant decline in financial performance for the first half of the year. Revenue from continuing operations decreased by 43.4% compared to the same period in 2024, with a gross margin drop from 37.1% to 26.1%. The company attributes these declines to macroeconomic challenges and reduced IT budgets among its major clients, impacting its growth and profitability. Despite these challenges, OneConnect continues to focus on its long-term strategy of reducing revenue concentration from the Ping An Group and expanding its third-party business.
The most recent analyst rating on (OCFT) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on OneConnect Financial Technology stock, see the OCFT Stock Forecast page.
Spark’s Take on OCFT Stock
According to Spark, TipRanks’ AI Analyst, OCFT is a Neutral.
The overall stock score is primarily impacted by significant financial challenges, including declining revenues and negative cash flows. Technical indicators suggest weak momentum, and valuation metrics are poor due to negative earnings. The absence of earnings call data and corporate events further limits positive influences on the score.
To see Spark’s full report on OCFT stock, click here.
More about OneConnect Financial Technology
OneConnect Financial Technology Co., Ltd. is a technology-as-a-service provider for the financial services industry in China, with a growing international presence. The company offers integrated technology solutions, including digital banking and insurance solutions, and digital infrastructure through its Gamma Platform. It serves a wide range of financial institutions, including large banks and insurance companies, helping them accelerate digital transformation.
Average Trading Volume: 45,569
Technical Sentiment Signal: Buy
Current Market Cap: $287M
Learn more about OCFT stock on TipRanks’ Stock Analysis page.