Futu Holdings price target raised to $200 from $172 at BofA

BofA raised the firm’s price target on Futu Holdings (FUTU) to $200 from $172 and keeps a Buy rating on the shares. The firm raised its FY25-27 EPS forecast by 7%-10%, mainly driven by higher client assets, after Futu reported “strong” Q2 results. The firm expects Futu’s revenue and net profit to remain at “record high levels” in Q3, the analyst tells investors.