NYSE:OCFT - OneConnect Financial Technology Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $24.26
  • Forecasted Upside: 12.84 %
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$21.50
▼ -0.98 (-4.36%)
1 month | 3 months | 12 months
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Analyst Price Target for OCFT

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$24.26
▲ +12.84% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for OneConnect Financial Technology in the last 3 months. The average price target is $24.26, with a high forecast of $28.00 and a low forecast of $13.30. The average price target represents a 12.84% upside from the last price of $21.50.
Buy
The current consensus among 5 investment analysts is to buy stock in OneConnect Financial Technology.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/30/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/28/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/26/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/25/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/24/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/22/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/21/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/5/2020Smith Barney CitigroupInitiated CoverageBuy$28.00Low
i
11/5/2020Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellInitiated CoverageBuy$28.00High
i
8/6/2020KeyCorpBoost Price TargetOverweight$22.00 ➝ $28.00Medium
i
Rating by Hans Chung at KeyCorp
7/21/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$24.00Low
i
Rating by Alex Yao at JPMorgan Chase & Co.
6/23/2020KeyCorpBoost Price TargetPositive ➝ Overweight$14.00 ➝ $22.00High
i
Rating by Hans Chung at KeyCorp
4/20/2020KeyCorpReiterated RatingBuy$14.00Medium
i
Rating by Hans Chung at KeyCorp
3/26/2020KeyCorpLower Price TargetOverweight$15.00 ➝ $14.00High
i
2/21/2020The Goldman Sachs GroupDowngradeBuy ➝ Neutral$13.30Low
i
1/23/2020JPMorgan Chase & Co.Initiated CoverageOverweight$21.00Low
i
1/7/2020Bank of AmericaInitiated CoverageBuy$18.00High
i
1/7/2020KeyCorpInitiated CoverageOverweight$15.00High
i
1/7/2020Morgan StanleyInitiated CoverageOverweight$16.00High
i
1/7/2020The Goldman Sachs GroupInitiated CoverageBuy$15.90High
i
(Data available from 1/20/2016 forward)
OneConnect Financial Technology logo
OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China. OneConnect Financial Technology Co., Ltd. has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. is a subsidiary of Sen Rong Limited.
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Today's Range

Now: $21.50
$20.87
$22.86

50 Day Range

MA: $21.23
$19.71
$22.96

52 Week Range

Now: $21.50
$9.02
$28.80

Volume

1,019,216 shs

Average Volume

637,068 shs

Market Capitalization

$7.86 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of OneConnect Financial Technology?

The following sell-side analysts have issued stock ratings on OneConnect Financial Technology in the last twelve months: Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, JPMorgan Chase & Co., KeyCorp, Smith Barney Citigroup, The Goldman Sachs Group, Inc., and Zacks Investment Research.

What is the current price target for OneConnect Financial Technology?

5 Wall Street analysts have set twelve-month price targets for OneConnect Financial Technology in the last year. Their average twelve-month price target is $24.26, suggesting a possible upside of 14.1%. KeyCorp has the highest price target set, predicting OCFT will reach $28.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $13.30 for OneConnect Financial Technology in the next year.

What is the current consensus analyst rating for OneConnect Financial Technology?

OneConnect Financial Technology currently has 2 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe OCFT will outperform the market and that investors should add to their positions of OneConnect Financial Technology.

What other companies compete with OneConnect Financial Technology?

Other companies that are similar to OneConnect Financial Technology include Yandex, GDS, Wix.com, LINE, FactSet Research Systems, Dada Nexus, Weibo, Chindata Group, Medallia, HUYA, 21Vianet Group, TripAdvisor, Switch, DouYu International and Magnite.

How do I contact OneConnect Financial Technology's investor relations team?

OneConnect Financial Technology's physical mailing address is 55F PING AN FINANCIAL CENTER NO. 5033 YITIAN ROAD, SHENZHEN F4, 518000. The company's listed phone number is 86 85 2376 29357 and its investor relations email address is patricia.cheng@ocft.com. The official website for OneConnect Financial Technology is www.ocft.com.