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Stock impact report

MoneyLion: Potential For Accelerating Growth Bodes Well For 2024 [Seeking Alpha]

MoneyLion Inc. Class A (ML) 
Company Research Source: Seeking Alpha
The company has a number of catalysts that could lead to accelerating growth in 2024. ML stock is cheap given its growth and current momentum. In January , I started coverage of MoneyLion ( NYSE: ML ) with a "Buy" rating, noting the company has low customer acquisition costs and solid cross-selling opportunities. The stock is up over 20% since then. With the company recently reporting its Q4 results, let's catch up on the name. Company Profile As a refresher, ML offers a suite of financial products and services for both consumers and enterprises. On the consumer side, the company offers an FDIC-insured demand deposit account with a virtual debit card, a 0% APR cash advance service, a credit building service, an online investing account, cryptocurrency account, and content. Meanwhile, ML operates an enterprise marketplace that allows third-party partners to offer its users financial products including loans, savings, credit cards, insurance, and mortgages. ML also provides m Show less Read more
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