Qifu Technology: Strong Financial Performance and Strategic Initiatives Drive Buy Rating

Analyst Emma Xu from Bank of America Securities maintained a Buy rating on Qifu Technology (QFIN – Research Report) and keeping the price target at $52.70.

Emma Xu has given her Buy rating due to a combination of factors that highlight Qifu Technology’s strong financial performance and strategic initiatives. The company’s revenue and net profit figures have exceeded expectations, with a significant year-over-year increase in net profit, demonstrating robust financial health. Additionally, Qifu Technology’s management has provided optimistic guidance for the upcoming quarter, indicating continued growth despite some expected quarterly fluctuations.
Moreover, Qifu Technology’s proactive approach in executing its share buyback plans reflects confidence in its future prospects and commitment to returning capital to shareholders. The company’s loan growth has also been better than seasonal trends, with stable risk performance, which is further supported by favorable regulatory changes. These elements, combined with attractive valuation metrics and high return on equity, underpin Emma Xu’s positive outlook and Buy rating for Qifu Technology.