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UP Fintech initiated with a Buy at Jefferies

Jefferies initiated coverage of UP Fintech (TIGR) with a Buy rating and $12 price target The firm sees the company unlocking value from its “diversified and innovative” product offerings. UP Fintech trades at 35% discount on 2026 estimates to its peer Futu, which has a larger user base and earnings scale, the analyst tells investors in a research note.

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