Needham analyst Kyle Peterson has maintained their neutral stance on ML stock, giving a Hold rating on February 26.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kyle Peterson has given his Hold rating due to a combination of factors influencing MoneyLion’s stock. The company reported impressive fourth-quarter results, surpassing expectations in both revenue and earnings, driven by strong performance in its Instacash and enterprise segments.
Despite these positive results, the anticipated acquisition by Gen Digital is expected to keep the stock’s movement limited. This acquisition, projected to finalize in the first half of Gen Digital’s fiscal year 2026, suggests that the stock may not experience significant changes in the near term, prompting the Hold rating.
Peterson covers the Technology sector, focusing on stocks such as Alight, MoneyLion, and Affirm Holdings. According to TipRanks, Peterson has an average return of 2.6% and a 42.60% success rate on recommended stocks.
In another report released on February 26, B.Riley Financial also downgraded the stock to a Hold with a $90.00 price target.