Futu Holdings upgraded by Morgan Stanley with a new price target
$FUTU
Investment Bankers/Brokers/Service
Finance
Morgan Stanley upgraded Futu Holdings from Underweight to Equal-Weight and set a new price target of $50.00 from $40.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $79.00 → $95.00 | Buy → Neutral | Citigroup |
| 11/18/2024 | $70.00 → $115.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/28/2024 | $62.00 → $92.00 | Neutral → Overweight | JP Morgan |
| 3/18/2024 | $50.00 → $65.00 | Underperform → Outperform | CLSA |
| 3/15/2024 | $64.00 → $62.00 | Overweight → Neutral | JP Morgan |
| 1/17/2024 | $64.00 | Neutral → Overweight | JP Morgan |
| 1/5/2024 | $67.00 | Neutral → Buy | UBS |
| 1/4/2024 | $40.00 → $50.00 | Underweight → Equal-Weight | Morgan Stanley |
Citigroup downgraded Futu Holdings from Buy to Neutral and set a new price target of $95.00 from $79.00 previously
Morgan Stanley upgraded Futu Holdings from Equal-Weight to Overweight and set a new price target of $115.00 from $70.00 previously
JP Morgan upgraded Futu Holdings from Neutral to Overweight and set a new price target of $92.00 from $62.00 previously
SC 13G/A - Futu Holdings Ltd (0001754581) (Subject)
SC 13G - Futu Holdings Ltd (0001754581) (Subject)
SC 13G/A - Futu Holdings Ltd (0001754581) (Subject)
6-K - Futu Holdings Ltd (0001754581) (Filer)
6-K - Futu Holdings Ltd (0001754581) (Filer)
6-K - Futu Holdings Ltd (0001754581) (Filer)
Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that its wholly-owned subsidiary, Futu Securities International (Hong Kong) Limited ("Futu Securities"), has upgraded its Type 1 license to include virtual asset dealing service by Hong Kong Securities and Futures Commission (SFC). This upgrade will enable Futu Securities to provide virtual asset dealing services to both retail and professional investors in Hong Kong.
Futu Holdings Limited (NASDAQ:FUTU) stock is trading higher on Wednesday, thanks to Alibaba Group Holding Limited (NYSE:BABA) leading a tech rally in Hong Kong. The online brokerage and wealth management platform also announced Wednesday that its wealth management business has surpassed $10 billion in assets under management. Futu’s wealth management platform offers mutual funds, private funds, bonds, and structured notes to Hong Kong and Singapore clients. Futu Holdings stock gained 66% in the last 12 months. Investors can gain exposure to the Chinese equity market via iShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB). Pr
JERSEY CITY, N.J., Nov. 19, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q3 2024 earnings with US$442.3 million in revenues, up 29.6% year-over-year ("YoY"), and US$180 million in non-GAAP adjusted net income, a 20.8% YoY increase. The Company maintained robust growth, with its global users reaching over 24.1 million and paying clients approaching 2.2 million by the end of Q3, representing an increase of 14.4% YoY and 33.1% YoY, respectively. Total client assets accelerated significantly compared to Q2, reaching US$89.2 billion with a ris
HONG KONG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Operational Highlights Total number of paying clients1 increased 33.1% year-over-year to 2,196,647 as of September 30, 2024.Total number of registered clients2 increased 22.8% year-over-year to 4,284,786 as of September 30, 2024.Total number of users3 increased 14.4% year-over-year to 24.1 million as of September 30, 2024.Total client assets increased 48.1% year-over-year to HK$693.4 billion as of S
HONG KONG, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 19, 2024. Futu's management will hold an earnings conference call on Tuesday, November 19, 2024, at 7:30 AM U.S. Eastern Time (8:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BId8704588e6684a3ca9bc030be815ec01. It will automa
JERSEY CITY, N.J., Nov. 19, 2024 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q3 2024 earnings with US$442.3 million in revenues, up 29.6% year-over-year ("YoY"), and US$180 million in non-GAAP adjusted net income, a 20.8% YoY increase. The Company maintained robust growth, with its global users reaching over 24.1 million and paying clients approaching 2.2 million by the end of Q3, representing an increase of 14.4% YoY and 33.1% YoY, respectively. Total client assets accelerated significantly compared to Q2, reaching US$89.2 billion with a ris
HONG KONG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Operational Highlights Total number of paying clients1 increased 33.1% year-over-year to 2,196,647 as of September 30, 2024.Total number of registered clients2 increased 22.8% year-over-year to 4,284,786 as of September 30, 2024.Total number of users3 increased 14.4% year-over-year to 24.1 million as of September 30, 2024.Total client assets increased 48.1% year-over-year to HK$693.4 billion as of S
JERSEY CITY, NJ., Nov. 12, 2024 /PRNewswire/ -- The intuitive investment and trading platform moomoo, today announced a virtual event with its partners, featuring topics related to helping investors navigate market volatility with resilient portfolios. Virtually partnering with Cboe Global Markets (Cboe), Wellington Management, Bank of New York Mellon (BNY) and Franklin Templeton, the webinars will provide market insights and perspectives on 2025 investment ideas, how professional fund managers build portfolios and the use of option strategies to hedge risk and manage volatility. This inaugural customer-focused event aims to boost the retail investment community's understanding of volatilit
HONG KONG, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced that Mr. Eric Chi Zhang, a director of the Company, has resigned from the board of directors of the Company due to personal reasons, effective September 14, 2021. Mr. Zhang's resignation did not result from any disagreement with the Company. Mr. Leaf Hua Li, Futu's Chairman and Chief Executive Officer, commented: "On behalf of the board of directors and management team, I would like to thank Mr. Zhang for his valuable services and contributions to the Company and we wish him the best