Shares of Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $62.83.
FUTU has been the subject of a number of analyst reports. Citigroup decreased their price objective on Futu from $76.90 to $75.30 and set a “buy” rating for the company in a research note on Friday, March 15th. JPMorgan Chase & Co. cut shares of Futu from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $62.00 in a report on Friday, March 15th. Finally, CLSA upgraded shares of Futu from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $65.00 in a research note on Monday, March 18th.
Read Our Latest Analysis on Futu
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Futu Price Performance
NASDAQ FUTU opened at $71.06 on Wednesday. The company’s 50-day simple moving average is $58.33 and its two-hundred day simple moving average is $54.81. Futu has a one year low of $35.91 and a one year high of $75.25.
Futu (NASDAQ:FUTU – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.81 EPS for the quarter. The company had revenue of $303.84 million during the quarter, compared to the consensus estimate of $374.14 million. Futu had a net margin of 42.77% and a return on equity of 18.46%. Analysts predict that Futu will post 4.47 earnings per share for the current year.
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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