Citi lowered the firm’s price target on Futu Holdings to $75.30 from $76.90 and keeps a Buy rating on the shares after the company reported quarterly results. While Q4 missed on weak trading volume and a surge in operating expense, a strong 2024 paying customer guidance was a “pleasant surprise,” the analyst tells investors in a research note.
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Read More on FUTU:
- FUTU Earnings: Lower Trading Volumes Hit Q4 Earnings
- Moomoo’s Parent Company Futu Holdings Reports US$303.8 M and US$1.281 B in Revenues for Q4 and for Full Year 2023
- Futu Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results
- FUTU Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Futu Holdings call volume above normal and directionally bullish
