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December 12, 2024

MoneyLion Price Target Set Amid Merger Investigation

  • Analyst Jacob Stephan of Lake Street set a price target of $82 for MoneyLion (NYSE ML), indicating potential undervaluation.
  • Monteverde & Associates PC investigates the proposed merger with Gen Digital Inc., focusing on shareholder value protection.
  • Valued at approximately $1 billion, the merger aims to broaden consumer finance services.

On December 11, 2024, Jacob Stephan set a Price target of $82 for MoneyLion (NYSE ML). At that time, MoneyLion was trading at $88.02, reflecting a 6.84% deviation from the target. MoneyLion serves personal finance needs of over 18 million users.

The proposed merger between MoneyLion and Gen Digital Inc., valued at around $1 billion, highlights significant corporate ambitions and aligns with the personal finance enhancement strategy.

Monteverde & Associates PC is investigating the fairness of this merger to ensure shareholder value is upheld, especially as shareholders stand to receive $82 per share in cash.

As MoneyLion’s stock trades at $87.18, the stock indicates slight movement but reflects strategic positioning within the fintech market.

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