Futu Holdings Limited (NASDAQ: FUTU) surged 7% to $160.57, backed by a bullish rating from Barclays, with an “overweight” status and a $176 price target, citing potential growth in client base and revenues in Asia, particularly in Malaysia and Japan.

Barclays compares FUTU to brokerage giants like Robinhood, Coinbase, Fidelity, and Charles Schwab, noting it serves 2.7 million retail investors with over $100 billion in assets under management (AUM). Despite potential in FUTU, some AI stocks may offer higher returns and less downside risk.

For more investment insights, check out Insider Monkey’s articles on stocks that could double in 3 years and hidden AI stocks to consider now. No disclosures in this report from Insider Monkey.

Read more at Yahoo Finance: Futu (FUTU) Holdings Jumps 7% on Bullish Rating, Price Target Upgrade