MoneyLion price target raised to $54 from $30 at B. Riley

B. Riley raised the firm’s price target on MoneyLion to $54 from $30 and keeps a Buy rating on the shares. The analyst increased estimates following the “strong” Q3 report. MoneyLion’s 2-side platform “continues to add participants at a rapid pace, which is key to value creation in a network-effect-driven model,” the analyst tells investors in a research note.