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Investing.com - BofA Securities raised its price target on Futu Holdings Limited (NASDAQ:FUTU) to $200.00 from $172.00 on Monday, while maintaining a Buy rating on the stock. The company, now valued at $26.55 billion, has seen its stock surge over 138% year-to-date, trading near its 52-week high of $194.32.
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 US and Hong Kong, enriched product offerings, and enhanced branding efforts.
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 enhanced brand image was partly due to becoming the official sponsor of the New York Mets in the second quarter of 2025.
For the second half of 2025, Futu plans to continue enhancing its brand awareness by opening more physical stores across different markets. The company also intends to introduce new product offerings in wealth management and cryptocurrency areas.
BofA Securities highlighted that Futu will provide crypto transfer-in and transfer-out functionalities for overseas markets alongside the Hong Kong markets as part of its expanded cryptocurrency services.
In other recent news, Futu Holdings Limited has reported its second-quarter 2025 results, with revenue and non-GAAP earnings surpassing market expectations by 10% and 13%, respectively. The company’s strong performance has led several financial firms to adjust their price targets. Barclays increased its target to $232, highlighting a 41% year-over-year growth in paying accounts and a significant rise in total assets under management, which grew 68% year-over-year to $125 billion. Jefferies raised its price target to $213, maintaining a Buy rating, while Morgan Stanley adjusted its target to $210, citing Futu’s comprehensive cryptocurrency strategy.
Additionally, BofA Securities raised its price target to $200, noting strong net asset inflows that nearly doubled year-over-year, driven by favorable market conditions and enhanced branding efforts. JPMorgan also increased its target to $200, emphasizing Futu’s robust market performance. These developments reflect the positive outlook from analysts following the company’s recent achievements.
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