China smartphone shipments slumped in June on inventory overhang: Jefferies
Investing.com - Jefferies has raised its price target on Futu Holdings Limited (NASDAQ:FUTU) to $213.00 from $139.00 while maintaining a Buy rating following the company’s second-quarter results. The stock, which has delivered an impressive 125% return year-to-date, is currently trading near its 52-week high of $184.45. According to InvestingPro analysis, FUTU appears fairly valued at current levels.
The online brokerage reported second-quarter 2025 results with revenue and non-GAAP earnings exceeding market expectations by 10% and 13%, respectively, according to Jefferies. The company’s stellar performance is reflected in its robust 69.5% revenue growth and impressive 93.5% gross profit margin. InvestingPro data reveals 8 additional key metrics and insights available for subscribers.
During the earnings conference call, Futu management emphasized its strong position in global markets across several areas including user acquisition, client assets growth, AI initiatives, wealth management, and cryptocurrency services.
The company outlined its "RACE" strategy for innovations, which focuses on RWA (Real World Assets), Advanced technology, Conversion, and Exchange.
Jefferies cited these factors in its decision to maintain a Buy rating on Futu Holdings while significantly increasing its price target by $74.
In other recent news, Futu Holdings Limited has reported impressive financial results for the second quarter of 2025. The company exceeded expectations with an earnings per share (EPS) of 18.24 HKD, surpassing the forecasted 16.61 HKD, and reported revenue of 5.31 billion HKD, which outperformed the expected 4.84 billion HKD. Barclays (LON:BARC) responded to these strong results by raising its price target for Futu Holdings to $232 from $176, noting significant revenue and margin improvements. Morgan Stanley (NYSE:MS) also increased its price target for Futu to $210 from $160, maintaining an Overweight rating while highlighting the company’s strategic focus on cryptocurrency. Additionally, BofA Securities adjusted its price target to $200 from $172, citing strong net asset inflows and favorable market conditions. JPMorgan joined in by raising its price target to $200 from $185, attributing the decision to Futu’s robust market performance. These updates reflect a positive outlook from multiple financial analysts on Futu Holdings’ recent achievements and strategic initiatives.
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