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 $143.60.
Emma Xu has given her Buy rating due to a combination of factors including Futu Holdings’ impressive financial performance and growth prospects. The company reported strong results for the fourth quarter of 2024, which exceeded expectations and led to an upward revision of earnings estimates for 2025 and 2026. This positive outlook is further supported by Futu’s diversified market exposure and robust growth in both client numbers and assets under management.
Additionally, Futu’s strategic expansion into new markets such as Malaysia and Japan, along with its continued success in more established markets like Hong Kong and Singapore, contribute to its promising growth trajectory. The company also experienced significant asset inflows in 2024, with expectations for continued growth in 2025. Despite some market volatility, particularly in the US, Futu’s strong performance in other regions and its ability to attract new clients underscore the Buy rating recommendation.
According to TipRanks, Xu is a 4-star analyst with an average return of 24.2% and a 63.64% success rate.
In another report released today, DBS also maintained a Buy rating on the stock with a $160.00 price target.
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