UP Fintech price target raised to $13.35 from $11.13 at BofA

BofA raised the firm’s price target on UP Fintech (TIGR) to $13.35 from $11.13 and keeps a Buy rating on the shares following quarterly results and as profit beat on active market and operating leverage. The firm notes management guided the average monthly number of shares traded quarter-to-date has been higher than the monthly average in Q2, and thus its commissions, which are mostly based on the numbers of shares traded in the U.S., are doing well quarter-to-date.