Futu Holdings Limited (NASDAQ:FUTU) saw a 7% jump after JPMorgan raised its price target to $270 from $200 with an Overweight rating. Bank of America Securities and Barclays also expressed bullish sentiments, with Emma Xu giving it a Buy rating and Barclays increasing the price target to $232 from $176. Futu Holdings reported strong Q2 results due to growth in assets under management and new customer additions. Headquartered in Hong Kong, the company offers digitalized financial services including securities brokerage and wealth management products. While FUTU shows promise as an investment, some believe other AI stocks offer greater upside potential and lower risk.
Read more at Yahoo Finance: What Do Analysts Think About Futu Holdings Limited (FUTU)?
