UP Fintech price target lowered to $7.76 from $8.66 at BofA

BofA analyst Emma Xu lowered the firm’s price target on UP Fintech (TIGR) to $7.76 from $8.66 and keeps a Buy rating on the shares. The firm cut its FY25-27 EPS estimates for UP by 8%-10%, 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.