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UP Fintech upgraded to Buy from Neutral at Citi

Citi upgraded UP Fintech (TIGR) to Buy from Neutral with a price target of $14, up from $9.50. The firm sees valuation upside for UP Fintech, pointing out the stock has not re-rated as much as peer Futu Holdings (FUTU). Citi expects annual revenue growth of 24% for UP through 2027 with U.S. and Hong Kong markets performing better than expected and the company’s crypto business launch possibly boosting retail client trading activities.

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