UBS raised the firm’s price target on Futu Holdings (FUTU) to $136 from $130 and keeps a Buy rating on the shares. Futu’s stronger-than-expected FY25 guidance on paying client acquisition boosted confidence in business expansion, and the firm expects a sequential improvement in client acquisition, net inflow of client assets and trading volume, thanks to the AI-led rally, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FUTU:
- Futu Holdings call volume above normal and directionally bullish
- Futu Holdings price target raised to $170 from $160 at JPMorgan
- Futu Holdings price target raised to $143.60 from $129.50 at BofA
- Futu Holdings: Strong Financial Performance and Strategic Expansion Drive Buy Rating
- Futu Holdings Reports Strong Growth in 2024 Earnings