LexinFintech - LX Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LX, but not buy additional shares or sell existing shares.
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4 brokers have issued 1-year price objectives for LexinFintech's shares. Their LX share price forecasts range from $2.10 to $9.89. On average, they expect the company's share price to reach $5.87 in the next twelve months. This suggests a possible upside of 195.1% from the stock's current price.
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LexinFintech's stock was trading at $3.86 at the beginning of the year. Since then, LX shares have decreased by 48.4% and is now trading at $1.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
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LexinFintech will be holding an earnings conference call on Tuesday, August 16th at 9:30 PM Eastern. Interested parties can register for or listen to the call using this link.

LexinFintech Holdings Ltd. (NASDAQ:LX) issued its earnings results on Monday, May, 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.36. The business had revenue of $270.12 million for the quarter, compared to analysts' expectations of $492.26 million. LexinFintech had a trailing twelve-month return on equity of 23.17% and a net margin of 16.71%. During the same period last year, the firm earned $0.53 EPS.

Based on aggregate information from My MarketBeat watchlists, some companies that other LexinFintech investors own include Marvell Technology (MRVL), NVIDIA (NVDA), Block (SQ), Alibaba Group (BABA), JD.com (JD), NeoGenomics (NEO), Inseego (INSG), Baidu (BIDU), Cisco Systems (CSCO) and

(LX) raised $120 million in an IPO on Thursday, December 21st 2017. The company issued 12,000,000 shares at a price of $9.00-$11.00 per share. Goldman Sachs (Asia), BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance served as the underwriters for the IPO and ICBC International was co-manager.

LexinFintech trades on the NASDAQ under the ticker symbol "LX."

LexinFintech's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (0.79%), JPMorgan Chase & Co. (0.19%), California Public Employees Retirement System (0.13%), Renaissance Technologies LLC (0.12%), Principal Financial Group Inc. (0.08%) and Mirae Asset Global Investments Co. Ltd. (0.07%).

Shares of LX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LX stock can currently be purchased for approximately $1.99.

LexinFintech (NASDAQ:LX) has a market capitalization of $365.90 million and generates $1.79 billion in revenue each year. The company earns $366.24 million in net income (profit) each year or $1.30 on an earnings per share basis.

The company employs 3,896 workers across the globe.

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518057. The official website for the company is www.lexin.com. The company can be reached via phone at 8675536378888 or via email at ir@lexinfintech.com.