UP Fintech: A Buy On Strong Trading Volume And Newly Funded Account Growth
Portfolio Pulse from
UP Fintech (TIGR) reported a 44% YoY increase in Q3 2024 revenue, driven by a doubling in trading volume. Newly funded accounts rose by 105% YoY, meeting the 2024 target of 150,000 accounts by early November. The stock is rated as a Buy due to attractive valuation metrics.
November 14, 2024 | 12:30 pm
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UP Fintech's Q3 2024 results show a 44% YoY revenue increase, driven by a doubling in trading volume and a 105% YoY rise in newly funded accounts. The company met its 2024 target of 150,000 accounts by early November. The stock is rated as a Buy due to its attractive valuation.
The strong financial performance, including a significant increase in trading volume and newly funded accounts, supports a positive outlook for TIGR. The achievement of its 2024 target ahead of schedule and attractive valuation metrics further justify the Buy rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100