Barclays raised the firm’s price target on Futu Holdings (FUTU) to $232 from $176 and keeps an Overweight rating on the shares. The company’s Q2 results were much stronger than expected due to underlying operating trends such as new customer adds and growth of assets under management, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FUTU: