Key Takeaways:
- New York State has initiated legal action against MoneyLion and DailyPay over alleged predatory lending practices.
- Analysts have set a mixed one-year price target for MoneyLion, with a high of $105.00 and a low of $39.42.
- GuruFocus estimates suggest a significant downside for MoneyLion's fair value compared to its current stock price.
New York State is mounting a legal challenge against MoneyLion (ML, Financial) and DailyPay, with claims centered on the companies’ involvement in high-interest payday loans that have allegedly ensnared New Yorkers in financial predicaments. The state’s attorney general has accused these firms of levying annual interest rates as high as 750%, compelling borrowers into deeper debts, and thereby worsening their financial burdens.
Wall Street Analysts' Insights
In terms of analyst forecasts, MoneyLion Inc (ML, Financial) presents a varied picture. With input from 5 analysts, the average one-year price target is projected at $83.28. This estimate includes a high of $105.00 and a low of $39.42, suggesting a potential downside of 2.19% from the current market price of $85.15. For further insights, please visit the MoneyLion Inc (ML) Forecast page.
The consensus recommendation from 6 brokerage firms currently rates MoneyLion Inc (ML, Financial) with an average of 2.7, suggesting a "Hold" status. This rating is based on a scale where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation Estimates
According to GuruFocus calculations, the estimated GF Value for MoneyLion Inc (ML, Financial) over the next year stands at $58.74. This reflects a potential downside of 31.02% compared to the current price of $85.15. The GF Value is GuruFocus' proprietary measure of what the stock should ideally trade at, derived from the stock's historical trading multiples, its past business growth, and forecasts of future performance. More in-depth information can be accessed on the MoneyLion Inc (ML) Summary page.
