Citi lowered the firm’s price target on UP Fintech to $5 from $6.49 and keeps a Buy rating on the shares following the Q2 report. The company’s “troubled exposure” has been fully written off in Q2, despite a signed agreement from the client to fully repay loan by end of 2025, the analyst tells investors in a research note. The firm says UP Fintech is seeing strength across its core business.
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 TIGR: