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QFIN - 360 DigiTech Earns 'Survivor' Title After Latest Regulatory Wave
360 Finance Inc.
360 DigiTech has reported strong third-quarter results, with both turnover and net income posting solid gains.
Investment banks are optimistic on the company, with Morgan Stanley raising its target price to $54 – nearly double the current share price.
Shares of consumer lenders like 360 DigiTech have been on a rollercoaster ride this year as China ramps up regulation of the formerly freewheeling sector.