Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) shares gapped up prior to trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $160.00 to $170.00. The stock had previously closed at $107.52, but opened at $112.99. JPMorgan Chase & Co. currently has an overweight rating on the stock. Futu shares last traded at $118.73, with a volume of 2,426,029 shares.
FUTU has been the topic of a number of other research reports. Citigroup downgraded shares of Futu from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. Morgan Stanley upgraded shares of Futu from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $115.00 in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.00.
View Our Latest Report on Futu
Institutional Investors Weigh In On Futu
Futu Price Performance
The stock has a market cap of $16.32 billion, a P/E ratio of 29.04, a PEG ratio of 0.79 and a beta of 0.78. The firm’s 50-day moving average price is $101.39 and its 200-day moving average price is $91.00.
About Futu
Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.
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