BofA lowered the firm’s price target on Futu Holdings (FUTU) to $123.70 from $143.60 and keeps a Buy rating on the shares. The firm cut its FY25-27 EPS estimates for Futu by 11%-14%, mainly driven by lower client assets and trading velocity, but believes the correction in share price since the “Liberation Day” tariffs has “more than priced in many of the concerns,” the analyst tells investors.
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Read More on FUTU:
- Futu Holdings call volume above normal and directionally bullish
- Unusually active option classes on open April 7th
- Futu Holdings price target raised to $136 from $130 at UBS
- Futu Holdings price target raised to $170 from $160 at JPMorgan
- Futu Holdings price target raised to $143.60 from $129.50 at BofA
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