The All Ordinaries Index (ASX: XAO) has gained 5.3% in 2025, but this ASX All Ords stock has left those gains wanting.
The fast-rising stock in question is technology-led consumer lending and investment company Plenti Group Ltd (ASX: PLT).
In afternoon trade today, Plenti shares are up 0.4%, changing hands for $1.29 apiece. That sees the Plenti share price up an impressive 89.7% since 2 January.
And investors who bought at 6 January's 52-week lows will be sitting on gains of 101.6% today.
After that kind of blistering run, you might think this ASX All Ords stock is due for a breather. But according to the analysts at Moelis Australia, it still has plenty of growth potential to fuel further outsized gains.
Here's why.
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ASX All Ords stock on the growth path
Plenti shares closed up 6.8% on 18 November after the company released its half-year results covering the six months through to 30 September.
Highlights included a 20% year-on-year increase in revenue to $149.5 million.
And the company's loan originations of $912 million were up 46% on the prior corresponding period, with Plenti reporting a closing loan portfolio of $2.83 billion, up 24%.
On the bottom line, the ASX All Ords stock achieved a 133% year-on-year increase in cash net profit after tax (NPAT) to $12.8 million.
The company highlighted that it had successfully delivered on Horizon 1 – "GROW by doing what we do but better" – of its breakout growth strategy, and said it remains on track for a $3 billion loan portfolio by March 2026
"Plenti delivered an exceptional first half, underpinned by continued operational execution and the compounding effect of our technology-led model," Plenti CEO Adam Bennett said on the day.
Why Moelis is bullish on the outlook for Plenti shares
Commenting on their buy rating on the ASX All Ords stock, Moelis said, "Outlook remains positive as Horizon 2 provides the next leg of growth medium-term."
The broker added:
PLT flagged maintenance of its 2Q26 loan origination rate would see its $3.0bn loan book target achieved in 4Q26, a modest upgrade on previous guidance. The company also expect acceleration of origination growth into Horizon 2, while keeping cost to net margin below 57%, driving meaningful cash NPAT.
Moelis noted Plenti's half-year results confirm Plenti "are executing strongly, with several initiatives we expect to continue strong loan origination growth going forward".
According to the broker:
Management can balance NIM [net interest margin] through pricing levers plus its diversified funding mix (ABS, warehouse, retail platform). Accelerated loan book growth, below average credit losses and a step-change in growth medium-term from Horizon 2 could provide upside to our estimates.
Connecting the dots, Moelis retained its buy rating on the ASX All Ords stock with a $1.87 price target.
That's 45% above current levels.
