MoneyLion price target raised to $80 from $58 at Cantor Fitzgerald

Cantor Fitzgerald analyst Josh Siegler raised the firm’s price target on MoneyLion to $80 from $58 and keeps an Overweight rating on the shares. Despite significant macro headwinds, the company stabilized its Enterprise business through diversification initiatives while experiencing record numbers in its Consumer segment, and the firm believes MoneyLion’s ability to diversify its Enterprise business may be underappreciated, the analyst tells investors in a research note.