---
title: "Morgan Stanley lowers QFIN-S target price to $25, rating \"Overweight\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282802193.md"
description: "Morgan Stanley has lowered the target price for QFIN-S from $34 to $25, maintaining a rating of \"Overweight.\" The report indicates that the overall decrease in loan rates may put pressure on the company's loan volume and net take rate. Although the regulatory environment remains uncertain, it is expected that the net take rate will stabilize at around 3%. At the same time, net profit forecasts for the next two years are expected to be revised down by 18.8% and 22.5%, respectively"
datetime: "2026-04-15T07:13:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282802193.md)
  - [en](https://longbridge.com/en/news/282802193.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282802193.md)
---

# Morgan Stanley lowers QFIN-S target price to $25, rating "Overweight"

Morgan Stanley published a research report indicating that the window guidance to lower overall loan interest rates may continue to put pressure on QFIN-S (03660.HK) loan scale and net take rate. Although there is still uncertainty in regulation, it is believed that the company's net take rate is expected to stabilize at around 3%, and dividends and potential capital returns should support the stock price.

The bank has lowered its net profit forecasts for QFIN-S for the next two years by 18.8% and 22.5%, respectively, to reflect lower loan scale and mixed pricing. The target price for QFIN-S (QFIN.US) in the U.S. stock market has been reduced from $34 to $25, with a rating of "Overweight."

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