Futu shares are trading higher after B of A Securities raised its price target on the stock from $80.2 to $90.
Portfolio Pulse from Benzinga Newsdesk
Futu shares are experiencing an increase in trading value following B of A Securities' decision to raise its price target from $80.2 to $90.
September 27, 2024 | 5:29 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Futu's stock price is likely to see a positive impact in the short term due to B of A Securities raising its price target from $80.2 to $90.
The increase in the price target by a major financial institution like B of A Securities is a strong positive signal to investors, suggesting confidence in Futu's future performance. This is likely to attract more buyers, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100