JPMorgan Chase & Co. Upgrades Futu Stock Price Forecast

On March 16th, 2025, analysts at JPMorgan Chase & Co. announced an increase in their price target for Futu (NASDAQ:FUTU) from $160.00 to $170.00. This update was shared in a research report made available to clients and investors. The firm has given the stock an
C"overweight" rating, suggesting that they expect it to perform better than the average for stocks in the sector. The new price target suggests a potential upside of 43.50% from Futu's current trading price.

In addition to JPMorgan's upgrade, other research analysts have also updated their views on Futu. On November 19th, Citigroup downgraded the stock from a "buy" rating to a "neutral" rating while raising their price target for Futu from $79.00 to $95.00. Meanwhile, on November 18th, Morgan Stanley shifted Futu's rating from "equal weight" to "overweight" and raised their price target from $70.00 to $115.00. Overall, one analyst has suggested a hold rating, whereas four analysts have given buy ratings, indicating a generally positive outlook for the stock. According to MarketBeat, the consensus rating for Futu is a "Moderate Buy," with an average price target of $107.00.

Futu Stock Performance Overview

As of the last trading session, Futu's stock opened at $118.47. The company boasts a market capitalization of $16.32 billion and a price-to-earnings ratio of 29.04. Furthermore, its PEG ratio stands at 0.79, with a beta of 0.78, indicating lower volatility compared to the overall market. The fifty-day moving average for the stock is $101.39, and the two-hundred day moving average is $91.20. Over the past year, Futu has seen a low of $51.80 and a high of $130.88, reflecting its potential for growth and volatility.

Institutional Investment Activity

Recent activities among institutional investors show significant interest in Futu. For example, Smartleaf Asset Management LLC significantly increased its stake by 1,245.5% in the fourth quarter, now holding 444 shares valued at around $36,000 after adding 411 shares. Similarly, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position by 77.3%, while Rakuten Securities Inc. increased its stake by an impressive 239.8%. Other investments include Point72 Asia Singapore Pte. Ltd., which acquired a new position worth about $60,000, and Assetmark Inc., which bolstered its stake by 15,200.0%, now owning 765 shares valued at approximately $61,000. These movements indicate growing interest in Futu from institutional investors, suggesting confidence in the company's future performance.

About Futu Holdings Limited

Futu Holdings Limited offers innovative, digitalized brokerage services and wealth management solutions both in Hong Kong and internationally. Through its platforms, Futubull and Moomoo, the company provides a range of online financial services, including brokerage for securities and derivative trades, margin financing, and various fund distribution services.

JPMorgan, Futu, Stocks