QFIN Stock Recent News

Qifu Technology, Inc. (QFIN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Investors interested in stocks from the Technology Services sector have probably already heard of Qifu Technology, Inc. (QFIN) and Climb Global Solutions (CLMB). But which of these two stocks offers value investors a better bang for their buck right now?

Qifu Technology's Q3 2024 performance shows strong revenue growth, a significant increase in net income, and an expanding user base, reinforcing my "Strong Buy" rating. Qifu's business model leverages AI, ML, and big data to evaluate borrowers, targeting young urban Chinese professionals, resulting in profitable and expanding market share. The stock is undervalued with a forward P/E GAAP ratio of 6.33 versus the sector median of 12.50, indicating significant growth potential.

Qifu Tech is resilient despite Qihoo 360's inclusion on the US DoD CMC list; potential sanctions on owners could impact QIFU's share price. QFIN's 3Q24 results show strong loan growth, improved asset quality, and prudent risk management, with net income well ahead of consensus. The company offers a compelling valuation at 5.5x 2025E P/E and a 12% combined buyback and dividend yield, ideal for yield-seeking investors.

If you've made it this far, you've passed the test. Chinese stocks aren't very popular with stateside investors these days.

Qifu Technology can benefit from increased demand for its credit-based offerings as interest rates become more attractive for borrowers. The company's expected growth could be upgraded due to economic stimulus and Qifu's effective strategies, thus driving the stock higher. Qifu Technology is trading at a bargain valuation, providing significant potential for price-to-earnings (PE) expansion as it continues to grow.

Qifu Technology is a profitable Chinese digital lending firm utilizing AI and big data, showing significant earnings growth and a 97.85% stock price surge. Q2 2024 results highlight a 6.3% revenue increase and a 23% rise in non-GAAP net income, driven by a growing user base. QFIN's valuation metrics, including a low P/E GAAP ratio and high dividend yield, indicate that the company is undervalued with strong growth and income potential.

Investors looking for stocks in the Technology Services sector might want to consider either Qifu Technology, Inc. (QFIN) or Ibotta (IBTA). But which of these two stocks offers value investors a better bang for their buck right now?

Qifu Technology, Inc. (QFIN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are ATAT, VRT, CORT, QFIN, ADMA.