B. Riley raised the firm’s price target on MoneyLion to $102 from $54 and keeps a Buy rating on the shares. MoneyLion trades at about one times sales, when many of its own partners trade at three times and five times sales, notes the analyst, who points out that the firm’s price target is based on 12 times the firm’s 2025 EBITDA estimate and approximately two times sales. New products and a hiring ramp to embed MoneyLion tech at small- and medium-sized banks and credit unions are new catalysts to aid growth in 2024, the analyst tells investors.
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