Futu Holdings rose more than 5%, JPMorgan Chase raised its target price to US$160 "
According to online reports, Futu Holdings (FUTU.US) rose more than 5% to US$137.32. On the news front, Morgan Stanley raised Futu's target price to US$160. The bank said that Futu will complete the upgrade of Hong Kong No. 1 license in July 2024 and can provide crypto asset trading services to Hong Kong retail investors; Futu's Cheetah officially obtained the VATP license issued by the Hong Kong Securities and Futures Commission in January 2025. It is estimated that by 2027, spot trading will generate HK$3.4 billion in incremental revenue, and if stablecoins/derivatives are approved, it will increase HK$1.6 billion.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
