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Investing.com - JPMorgan has raised its price target on Futu Holdings Limited (NASDAQ:FUTU) to $200.00 from $185.00 while maintaining an Overweight rating on the stock. The $24.7 billion market cap company currently trades at $178.66, near its 52-week high of $179.17.
The brokerage cited Futu’s strong market performance, with shares rallying 50% over the past two months compared to the KraneShares CSI China Internet ETF’s 11% gain during the same period. InvestingPro data shows an impressive year-to-date return of 123.35%, with the stock’s financial health score rated as "GREAT."
Futu reported robust first-half 2025 results with net profit reaching HK$4.7 billion, prompting JPMorgan to increase its earnings estimates for 2025, 2026, and 2027 by 9%, 8%, and 5%, respectively.
The company’s digital assets business strategy presents additional monetization opportunities, with JPMorgan noting potential benefits if China proceeds with reported plans to allow yuan-backed stablecoins to boost global adoption of its currency.
The new December 2026 price target of $200 implies a price-to-earnings ratio of 20.5 times 2026 estimated earnings, below Futu’s historical mean forward P/E of 23 times.
In other recent news, Futu Holdings Ltd. reported its second quarter 2025 earnings, surpassing expectations set by analysts. The company achieved an earnings per share (EPS) of 18.24 HKD, which exceeded the forecasted 16.61 HKD by 9.81%. Revenue also outperformed predictions, reaching 5.31 billion HKD compared to the anticipated 4.84 billion HKD, marking an increase of 9.71%. These results reflect a strong financial performance for the quarter. The company’s ability to exceed both EPS and revenue forecasts highlights its operational efficiency. Investors often monitor such earnings reports closely as they provide insight into a company’s financial health. The positive earnings surprise could influence future analyst ratings and investor sentiment.
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