BofA Securities Starts UP Fintech Holding Ltd. (TIGR) at Buy

BofA Securities analyst Emma Xu initiates coverage on UP Fintech Holding Ltd. (NASDAQ: TIGR) with a Buy rating and a price target of $8.66.

The analyst comments: "We initiate coverage on UP FinTech Holding (known as Tiger Brokers) at Buy. It is a leading online broker, providing brokerage services, ESOP management, IPO distribution, and wealth management services, for retail and corporate clients. The company began by serving mainland China population’s overseas investment demand, and later expanded into more markets (Singapore, US, Australia, New Zealand, HK). Singapore contributes >55% of its funded clients and CA client assets currently. We like Tiger as 1) it is a key beneficiary of the booming Asia wealth market, 2) it offers competitive products and services in the key markets; 3) its business model has high operating leverage, and has achieved improved profitability, 4) its 4Q24/2025E earnings are likely to beat consensus significantly; and 5) its introducing broker business could drive further revenue upside."

For an analyst ratings summary and ratings history on UP Fintech Holding Ltd. click here. For more ratings news on UP Fintech Holding Ltd. click here.

Shares of UP Fintech Holding Ltd. closed at $7.65 yesterday.

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