MoneyLion selloff overdone, shares offer 80% upside, says B. Riley

B. Riley analyst Hal Goetsch views the 23% pullback in shares of MoneyLion in the past month as profit taking after a solid run of price appreciation than a fundamental change. The firm views the selloff as overdone and reiterates a Buy rating on the name with a $133 price target. It sees over 80% upside following the recent pullback. MoneyLion is “much further along in its journey to sustainable” earnings growth than many fintech stocks, which makes the current drawdown in the share “even more perplexing to us,” the analyst tells investors in a research note.