Qifu Technology initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of Qifu Technology (QFIN) with an Overweight rating and $65 price target Qifu, a leading online lending platform in China focused on retail clients underserved by traditional financial institutions, is “emerging from the shake-out as a leading consumer finance platform,” the analyst tells investors. Qifu offers “a rare combination of growth and strong total shareholder returns,” adds the analyst, who forecasts its total return from dividends and share buybacks for 2025, 2026 and 2027 at 17%, 14%, and 12%, respectively, of its current market cap.