Analyst Nika MA of CMB International Securities maintained a Buy rating on Futu Holdings, retaining the price target of $228.00.
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Nika MA has given his Buy rating due to a combination of factors, even though near-term earnings are expected to soften. He highlights that the pressure on interest income is largely cyclical, driven by lower securities lending revenue and a decline in benchmark HIBOR rates, while core operating metrics such as trading volume and client engagement remain strong.
At the same time, Futu continues to deliver robust growth in funded accounts, assets under management, and record-high trading volumes, supported by disciplined operating expenses and efficient customer acquisition. In Nika MA’s view, the stock’s current valuation at a notable discount to peers, combined with solid fundamentals and upside from new products, geographic expansion, and a probability-weighted DCF and P/E-based target price of $228 (unchanged), justifies maintaining a Buy recommendation.
MA covers the Financial sector, focusing on stocks such as Ping An Insurance Company of China, Futu Holdings, and PICC Property & Casualty Co. According to TipRanks, MA has an average return of 19.7% and a 70.00% success rate on recommended stocks.
In another report released on May 7, Morgan Stanley also maintained a Buy rating on the stock with a $225.00 price target.