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Investing.com - UP Fintech Holding Ltd. (NASDAQ:TIGR) received a Buy rating from UBS as the investment bank initiated coverage on the online broker with a price target of $13.10. The stock, which has surged nearly 59% over the past year and currently trades at $9.60, appears undervalued according to InvestingPro analysis.
UBS cited UP Fintech’s potential to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are seeking more cost-effective trading platforms.
The investment bank believes UP Fintech is well-positioned to gain market share from traditional financial institutions due to its comprehensive product suite and competitive pricing structure.
UBS highlighted that UP Fintech’s technology-focused brokerage model could enable high operating leverage, potentially leading to rapid bottom-line growth and margin improvement as client assets under management increase.
The firm described UP Fintech’s growth story as "compelling," pointing to fast client acquisition, expanding wallet share, improving margins, and additional upside potential from digital assets.
In other recent news, Jefferies initiated coverage of UP Fintech Holding Ltd., assigning a Buy rating to the company. The investment firm set a price target of $12.00 for UP Fintech stock. This valuation was determined by applying a 35% discount to the firm’s 2026 estimated price-to-earnings ratio, drawing a comparison with peer company Futu. Jefferies noted that Futu has a larger user base and earnings scale, which influenced their valuation approach for UP Fintech. These developments provide investors with fresh insights into the company’s potential market performance.
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