Qifu Technology (QFIN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qifu Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" QFIN shares.
View QFIN analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12 month target prices for Qifu Technology's shares. Their QFIN share price forecasts range from $20.80 to $20.80. On average, they predict the company's stock price to reach $20.80 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price.
View analysts price targets for QFIN or view top-rated stocks among Wall Street analysts.

Qifu Technology's stock was trading at $20.36 on January 1st, 2023. Since then, QFIN shares have decreased by 32.4% and is now trading at $13.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our QFIN earnings forecast.

Qifu Technology, Inc. (NASDAQ:QFIN) released its earnings results on Thursday, March, 9th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.18. The company earned $566.40 million during the quarter, compared to analysts' expectations of $636.77 million. Qifu Technology had a net margin of 23.86% and a trailing twelve-month return on equity of 20.52%.

Qifu Technology declared a quarterly dividend on Thursday, March 9th. Investors of record on Tuesday, April 11th will be paid a dividend of $0.16 per share on Friday, May 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, April 10th.
Read our dividend analysis for QFIN.

ETFs with the largest weight of Qifu Technology (NASDAQ:QFIN) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB), iShares MSCI China Multisector Tech ETF (TCHI), Global X China Financials ETF (CHIX), FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE), Emerging Markets Internet & Ecommerce ETF (EMQQ) and Avantis Responsible Emerging Markets Equity ETF (AVSE).

Qifu Technology (NASDAQ:QFIN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.36%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 11.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QFIN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Qifu Technology investors own include Bank of America (BAC), Gilead Sciences (GILD), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), Citigroup (C), DocuSign (DOCU), International Business Machines (IBM), Intel (INTC) and Johnson & Johnson (JNJ).

(QFIN) raised $54 million in an IPO on Friday, December 14th 2018. The company issued 3,100,000 shares at $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital served as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.

Qifu Technology trades on the NASDAQ under the ticker symbol "QFIN."

Qifu Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (0.56%), Allspring Global Investments Holdings LLC (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.13%), National Bank of Canada FI (0.10%), E Fund Management Hong Kong Co. Ltd. (0.07%) and Group One Trading L.P. (0.00%).

Shares of QFIN 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 QFIN stock can currently be purchased for approximately $13.77.

Qifu Technology (NASDAQ:QFIN) has a market capitalization of $2.22 billion and generates $2.40 billion in revenue each year. The company earns $583.45 million in net income (profit) each year or $3.38 on an earnings per share basis.

The company employs 2,199 workers across the globe.

Qifu Technology's mailing address is 7/F Lujiazui Finance Plaza No. 1217 Dongfang Road Pudong New Area, Shanghai F4, 200122. The official website for the company is www.360jie.com.cn. The company can be reached via phone at 862158357668.