Futu Holdings price target raised to $200 from $172 at BofA Securities

Investing.com - BofA Securities raised its price target on Futu Holdings Limited (NASDAQ:FUTU) to $200.00 from $172.00 on Thursday, while maintaining a Buy rating on the stock. The fintech company, currently trading at $178.66, has seen its stock surge over 190% in the past year, according to InvestingPro data.

The firm cited Futu’s strong net asset inflows, which nearly doubled year-over-year to approximately HKD170 billion in the first half of 2025. This growth was attributed to favorable market conditions in the U.S. and Hong Kong, enriched product offerings, and enhanced branding efforts. The company’s impressive performance is reflected in its 54.5% revenue growth and industry-leading 93.2% gross margin over the last twelve months.

BofA Securities noted that Futu’s overseas net asset inflows in the first half of 2025 almost exceeded the total amount for the entire fiscal year 2024. The company’s expanded product offerings across wealth management, cryptocurrency, and fixed income contributed to this growth.

The firm highlighted Futu’s strategic marketing initiatives, including becoming the official sponsor of the New York Mets in the second quarter of 2025, which has elevated its brand image in the U.S. and beyond.

Looking ahead, Futu plans to continue enhancing its brand awareness by opening more physical stores in different markets and introducing new product offerings in wealth management and cryptocurrency, including crypto transfer functionalities for overseas markets alongside Hong Kong markets. For detailed analysis and additional insights, including 10+ exclusive ProTips, check out the comprehensive research report available on InvestingPro.

In other recent news, Futu Holdings Ltd. reported impressive second quarter 2025 earnings, exceeding both earnings per share (EPS) and revenue estimates. The company achieved an EPS of 18.24 HKD, surpassing the anticipated 16.61 HKD, which represents a 9.81% positive surprise. Revenue for the quarter reached 5.31 billion HKD, outperforming the expected 4.84 billion HKD by 9.71%. Additionally, JPMorgan has adjusted its price target for Futu Holdings, raising it to $200 from the previous $185, while maintaining an Overweight rating. This adjustment comes in light of Futu’s strong market performance. These recent developments highlight Futu’s ongoing financial strength and market presence.

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