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Investing.com - UP Fintech Holding Ltd. (NASDAQ:TIGR) received a Buy rating from Jefferies on Monday as the firm initiated coverage of the online brokerage. The company has demonstrated strong performance with a 121.83% return over the past year and maintains profitable operations, according to InvestingPro data.
Jefferies set a price target of $12.00 for UP Fintech stock, applying a 35% discount to the firm’s 2026 estimated price-to-earnings ratio of approximately 23x for peer company Futu, which has a larger user base and earnings scale. InvestingPro analysis suggests the stock is currently slightly undervalued, with impressive revenue growth of 68.66% in the last twelve months and a "GREAT" financial health score.
The research firm expects UP Fintech to "unlock further potential with its diversified and innovative product offerings," according to its analysis of the company’s prospects.
Jefferies identified several key risks that could impact UP Fintech’s performance, including macroeconomic headwinds affecting trading volumes in U.S. and Hong Kong securities markets, and potential loss of market share due to competition.
Additional risks noted by the firm include lower-than-expected commission fee rates and interest rates, as well as possible unexpected restrictions on cross-border trading activities.
In other recent news, Citi has upgraded UP Fintech Holding Ltd. from Neutral to Buy. The financial firm also raised its price target for the company to $14.00, up from the previous $9.50. This upgrade is attributed to better-than-expected market conditions in the U.S. and Hong Kong. Additionally, the launch of UP Fintech’s cryptocurrency business is seen as a potential driver for increased retail client trading activities. These developments reflect the company’s strategic moves to capitalize on emerging market trends. Investors may find these changes noteworthy as they consider the company’s future prospects.
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