Professional
Added to YB: 2024-10-04
Pitch date: 2024-10-02
FUTU [bullish]
Futu Holdings Limited
+61.96%
current return
Author Info
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Company Info
Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.
Market Cap
$89.6B
Pitch Price
$105.86
Price Target
160.00 (-7%)
Dividend
N/A
EV/EBITDA
N/A
P/E
16.70
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Show full summary:
JPMorgan Raises Futu Holdings (FUTU) Price Target to $160
FUTU: JPM raises PT to $160 (+82%). Retail sentiment improving in Greater China (60% clients, 80% AUM). Valuation not expensive at 15x 2025E P/E. High-quality China Internet play. Strong overseas growth. Blue-sky scenario: 23% upside to earnings if trading velocity recovers to 2021 levels. OW rating.
Read full article (1 min)