Cantor Fitzgerald analyst Josh Siegler raised the firm’s price target on MoneyLion to $58 from $30 and keeps an Overweight rating on the shares after hosting founder and CEO Dee Choubey and CFO Rick Correia for a fireside chat. The price target hike reflects increased confidence in management’s execution and the potential upside from AI-search capability, the analyst tells investors in a research note. MoneyLion could benefit from an improved macro environment in 2024, the firm says.
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