Wall Street Analysts Believe Qifu Technology, Inc. (QFIN) Could Rally 28.88%: Here's is How to Trade

Core Viewpoint - Qifu Technology, Inc. (QFIN) shows potential for significant upside, with a mean price target of $54.80 indicating a 28.9% increase from the current price of $42.52 [1] Price Targets - The average price target consists of four estimates ranging from a low of $50 to a high of $58.50, with a standard deviation of $4.14, suggesting a consensus among analysts [2] - The lowest estimate indicates a 17.6% increase, while the highest suggests a 37.6% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [9] Analyst Sentiment - Analysts are optimistic about QFIN's earnings prospects, as indicated by upward revisions in earnings estimates, which historically correlate with stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.1%, with one estimate moving higher and no negative revisions [12] Zacks Rank - QFIN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13]