Emma Xu, an analyst from Bank of America Securities, reiterated the Buy rating on Futu Holdings (FUTU – Research Report). The associated price target was raised to $143.90.
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Emma Xu has given her Buy rating due to a combination of factors including Futu Holdings’ strong financial performance and market positioning. The company reported impressive first-quarter results, which led to an upward revision of its earnings per share estimates for 2025-2027 by 7-17% and an increase in the price objective from USD 123.7 to USD 143.9.
Furthermore, Futu’s diversified market exposure and robust growth in assets under management and client base are significant contributors to its positive outlook. Despite a decline in new paying clients, the company is on track to meet its target for 2025, and its revenue and net profit are expected to reach record highs in the second quarter of 2025. Additionally, the impact of lower Hong Kong Interbank Offered Rates (HIBOR) has been factored into the analysis, which suggests a resilient financial position for Futu Holdings.
Xu covers the Financial sector, focusing on stocks such as Futu Holdings, Qifu Technology, and Up Fintech Holding. According to TipRanks, Xu has an average return of 21.6% and a 60.98% success rate on recommended stocks.
In another report released on May 30, Morgan Stanley also maintained a Buy rating on the stock with a $140.00 price target.
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