What Do Analysts Suppose About Futu Holdings Restricted (FUTU)?
Futu Holdings Restricted (NASDAQ:FUTU) is among the prime excessive progress worldwide shares to purchase proper now. On August 28, JPMorgan raised the agency’s worth goal on Futu Holdings Restricted (NASDAQ:FUTU) to $270 from $200, holding an Obese ranking on the shares.
Financial institution of America Securities’ Emma Xu additionally expressed bullish sentiments for the inventory on August 25, giving it a Purchase ranking.
Equally, Barclays raised the agency’s worth goal on Futu Holdings Restricted (NASDAQ:FUTU) to $232 from $176 whereas holding an Obese ranking on the shares.
The analyst advised traders in a analysis word that Futu Holdings Restricted (NASDAQ:FUTU) reported stronger-than-expected Q2 outcomes attributed to underlying working traits, together with progress of property underneath administration and new buyer additions.
Headquartered in Hong Kong, Futu Holdings Restricted (NASDAQ:FUTU) gives digitalized monetary providers. The corporate’s choices embody securities brokerage and wealth administration merchandise.
Whereas we acknowledge the potential of FUTU as an funding, we consider sure AI shares supply larger upside potential and carry much less draw back danger. In the event you’re on the lookout for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.
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Disclosure: None. This text is initially printed at Insider Monkey.
