BofA raised the firm’s price target on Futu Holdings (FUTU) to $225 from $200 and keeps a Buy rating on the shares ahead of the company’s Q3 report expected in mid-to-late November. The firm, which expects “another record quarter” in Q3, says active markets are boding well for Futu’s trading activities and asset inflows and raised its FY25-27 EPS estimates by 9%-14%, mainly driven by higher client asset assumptions.
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