Futu Holdings price target raised to $71.50 from $64.80 at Jefferies

Jefferies raised the firm’s price target on Futu Holdings to $71.50 from $64.80 and keeps a Buy rating on the shares after Futu reported Q3 results. In the first nine months of 2023, Futu acquired more than 163,000 paying clients, exceeding its previous full-year guidance of 150,000, noted the analyst.