Needham starts MoneyLion at Buy, sees ‘ample room for growth’

As previously reported, Needham initiated coverage of MoneyLion with a Buy rating and $90 price target. The company operates an embedded personal financial marketplace that matches consumers with third-party offers from an extensive partner network and further broadens its reach beyond first-party products, the analyst tells investors in a research note. Tthis has created a comprehensive personal financial marketplace with ample room for growth, and MoneyLion should be a long-term winner in the digital lending/neobank space, the firm added.