MoneyLion price target raised to $65 from $55 at Craig-Hallum

Craig-Hallum raised the firm’s price target on MoneyLion to $65 from $55 and keeps a Buy rating on the shares. The firm believes the stock is “vastly under-owned institutionally” due to a “naive belief” by most that this is “just another financial app.” Craig-Hallum expects the next year to be a combination of strong growth, further margin expansion and ultimately a greater appreciation of the unique set of assets which combine to deliver a low CAC and a broad set of offerings that can meaningfully expand the TAM and the margin potential.