Futu (NASDAQ:FUTU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Futu (NASDAQ:FUTU) from a sell rating to a hold rating in a research note published on Saturday.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research note on Monday, May 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.50 price target on shares of Futu in a report on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Futu presently has a consensus rating of “Hold” and an average price target of $139.91.

Futu Stock Down 6.3%

FUTU opened at $115.81 on Friday. The firm’s 50 day moving average is $101.93 and its 200-day moving average is $125.65. Futu has a 52-week low of $80.50 and a 52-week high of $202.53. The firm has a market capitalization of $16.23 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.44 and a beta of 0.43.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, August 20th. The company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.35. The business had revenue of $852.66 million during the quarter, compared to the consensus estimate of $786.07 million. Futu had a net margin of 42.95% and a return on equity of 28.20%. Equities analysts expect that Futu will post 9.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in shares of Futu by 7,706.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,077,052 shares of the company’s stock valued at $475,923,000 after purchasing an additional 5,012,017 shares in the last quarter. Aspex Management HK Ltd grew its stake in Futu by 37.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,371,597 shares of the company’s stock worth $553,650,000 after purchasing an additional 919,724 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Futu by 7.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock valued at $288,720,000 after buying an additional 116,143 shares during the last quarter. State Street Corp increased its holdings in Futu by 18.4% in the second quarter. State Street Corp now owns 1,212,481 shares of the company’s stock valued at $149,851,000 after buying an additional 188,840 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its holdings in Futu by 14.0% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock valued at $186,513,000 after buying an additional 139,473 shares during the last quarter.

Key Stories Impacting Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Futu’s latest quarterly results exceeded expectations, with reported earnings of $3.33 per share versus the $2.98 consensus estimate and revenue of $852.66 million versus forecasts of $786.07 million. The earnings beat had previously supported a sharp move higher in the stock. Futu Stock Price Up Following Earnings Beat
• Neutral Sentiment: Several law firms—including Rosen, Kaplan Fox, Glancy Prongay Wolke & Rotter, Berger Montague, and others—repeatedly reminded investors of an August 25, 2026 deadline to seek appointment as lead plaintiff in a securities class action. The notices target investors who purchased Futu securities from May 24, 2023, through May 27, 2026. Rosen Futu Securities Class Action Deadline
• Negative Sentiment: The legal campaign alleges violations of U.S. securities laws and investor harm, creating a potential litigation, financial, and reputational overhang for Futu. The notices encourage affected shareholders to contact counsel, but they do not establish liability or quantify potential damages. Bronstein Futu Class Action Notice

Futu Company Profile

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.