MoneyLion price target raised by $25 at Craig-Hallum, here’s why

Craig-Hallum analyst George Sutton raised the firm’s price target on MoneyLion to $55 from $30 and keeps a Buy rating on the shares. The firm believes that there is a lot happening at MoneyLion that the market is overlooking. First, the Even Financial business is performing well despite a challenging macro and is outperforming many of its competitors. Second, the MoneyLion mobile app has improved significantly, says Craig-Hallum. Lastly, the company has begun to demonstrate the meaningful operating leverage in the model and its ability to grow profitably.