5 Best Artificial Intelligence Stocks Under $10

4. LexinFintech Holdings Ltd. (NASDAQ:LX)

Number of Hedge Fund Holders: 8

Stock Price: $1.55

LexinFintech Holdings Ltd. (NASDAQ:LX) is a Cayman Islands-based financial technology company founded in 2013. The company is an online consumer finance platform operator and has a user base of 150 million in China as of 2022.

Ethan Wang at CLSA upgraded LexinFintech Holdings Ltd. (NASDAQ:LX) stock from a Reduce to an Accumulate rating with a target price of $1.80 on November 14. The target price reflects a potential upside of 16.1% from the closing price as of November 30. On November 4, it was reported that the audit inspection of Chinese companies in Hong Kong was completed. This has reduced the risk of delisting from the NYSE. Furthermore, experts anticipate LexinFintech Holdings Ltd. (NASDAQ:LX) to experience margin expansion in Q3 2022 and Q4 2022 due to higher loan originations on a sequential basis.

Overall, LexinFintech Holdings Ltd. (NASDAQ:LX) was held by 8 hedge funds as of Q2 2022.

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