YRD - Yiren Digital: Now A Buy With Strong Results And New Catalyst (Rating Upgrade)
2024-06-24 09:08:00 ET
Summary
- YRD's Q1 2024 results were good, as the company's pace of revenue and EBITDA growth for the recent quarter was faster than that for Q4 2023.
- Yiren Digital's prior dividend payout happened in 2018, and a potential re-initiation of dividends will most probably be a major catalyst.
- I have become bullish on YRD, considering its solid first quarter performance and the presence of a potential re-rating catalyst.
Elevator Pitch
Yiren Digital Ltd. ( YRD ) shares are rated as a Buy.
I previously wrote about Yiren Digital's shareholder return and the change in the company's revenue mix in my December 11, 2023 initiation piece ....
Yiren Digital: Now A Buy With Strong Results And New Catalyst (Rating Upgrade)