Form 6-K Futu Holdings Ltd For: Mar 14

Go back to Form 6-K Futu Holdings Ltd For: Mar 14

JPMorgan Downgrades Futu Holdings Limited (FUTU) to Neutral, 'it takes time to monetize new markets and products'

March 15, 2024 8:08 AM EDT

JPMorgan analyst Katherine Lei downgraded Futu Holdings Limited (NASDAQ: FUTU) from Overweight to Neutral with a price target of $62.00 (from $64.00).

The analyst ocmments "Futus share price corrected 14% yesterday (vs Nasdaq Index -0.3%) on the back of the weak 4Q results (link). Nonetheless, we believe... More

Futu Holdings Limited (FUTU) PT Lowered to $75.30 at Citi

March 15, 2024 5:01 AM EDT

Citi analyst Judy Zhang lowered the price target on Futu Holdings Limited (NASDAQ: FUTU) to $75.30 (from $76.90) while maintaining a Buy rating.

The analyst comments "Futu reported 4Q23 non-GAAP NPAT of HK$950.5bn (down -17.9% q-q/ -6.3% y-y), bringing FY23 non-GAAP NPAT to reach... More