UBS Lifts Price Target on LexinFintech Holdings (LX) to $13.60 from $9.60

LexinFintech Holdings Ltd. (NASDAQ:LX) is one of the best cheap stocks with huge upside potential. On March 21, UBS raised the firm’s price target on LexinFintech Holdings Ltd. (NASDAQ:LX) to $13.60 from $9.60, keeping a Buy rating on the shares.

Is LexinFintech Holdings Ltd. (LX) the Best Performing NASDAQ Stock So Far in 2025?

A business professional using the company’s technology-driven platform to access location-based services for a shopping experience.

The analyst told investors in a research note that it has considerable confidence in LexinFintech Holdings Ltd.’s (NASDAQ:LX) turnaround trajectory in 2025 after Q4 2024 results.

LexinFintech Holdings Ltd. (NASDAQ:LX) reported a notable 113% year-over-year growth in net income in fiscal Q1 2025, reaching RMB430 million and highlighting its successful transformation to a data-driven business model.

The company’s net income also rose 19% quarter-over-quarter, along with a 27 basis point growth in net profit take rate.

LexinFintech Holdings Ltd. (NASDAQ:LX) leverages its proprietary platform and mobile application to match consumers with credit card needs to its financial institution partners.

While we acknowledge the potential of LX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XXXX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.