CLSA Upgrades Futu Hldgs to Outperform, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
CLSA analyst Hu Shen upgraded Futu Holdings (NASDAQ:FUTU) from Underperform to Outperform and increased the price target from $50 to $65.
March 18, 2024 | 9:55 am
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Futu Holdings was upgraded by CLSA from Underperform to Outperform with a price target increase from $50 to $65.
The upgrade from Underperform to Outperform by a reputable analyst, along with a significant increase in the price target, suggests a strong bullish sentiment towards Futu Holdings. This is likely to positively influence investor perception and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100