The surge in overseas clients and the increase in cryptocurrency trading have led Morgan Stanley to be optimistic about Futu's "valuation enhancement."
Wallstreetcn·
- Futu Holdings is experiencing structural growth potential due to advancements in its cryptocurrency business and strong overseas market performance.
- Morgan Stanley raised its target price for Futu from $160 to $210, citing robust growth in cryptocurrency and significant contributions from overseas markets, particularly in Singapore and Japan.
- Barclays also increased its financial forecasts for Futu, raising the target price from $176 to $232, reflecting a positive outlook on the company's growth trajectory.