China's FinVolution hits over seven-year high after strong annual revenue forecast

FinVolution

18/03/2025 17:58

** Chinese fintech company FinVolution's shares FINV.N jump as much as 21.5% to $11.08, hitting their since December 2017

** FINV late Monday forecast 2025 revenue above analysts' expectations

** Citi Research upgrades FINV to "buy" from "neutral"; raises PT to $11 from $6, a 20.6% upside to stock's last close

** Brokerage says signs of profit turnaround have emerged with strong 2025 revenue forecast

** Adds that overseas business expansion thesis for FINV is also finally unfolding

** Six of seven brokerages rate stock "buy" or higher and one "hold"; median PT is $7.80 - data compiled by LSEG

** FINV stock up 59% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))