Futu Holdings shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and maintained a $201 price target.

Futu Shares Rise After Citigroup Upgrade

Futu Shares Rise After Citigroup Upgrade

Futu Holdings: Strong Growth Potential and Shareholder Value Amid Market Volatility

Citi analyst Judy Zhang upgraded Futu Holdings to a Buy, setting a $201 price target, citing strong growth potential and shareholder value. Despite market volatility, Futu shows strong client asset inflow and trading volume. An $800 million buyback program and proactive regulatory management enhance its attractiveness. Barclays also maintains a Buy rating with a $236 target.

Prudential PLC Sells 21,478 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Prudential PLC reduced its holdings in Futu Holdings Limited by 14.9% in Q2, selling 21,478 shares. Futu's stock surged 33.12% amid stimulus hints. Analysts have mixed ratings, with a consensus "Buy" and an average price target of $203.00. Futu reported strong quarterly earnings, beating estimates with $2.93 EPS and $822.80 million revenue. The stock opened at $165.90, with a market cap of $23.08 billion.

Nio Firefly hits 30,000 deliveries, plans to add 17 markets to global footprint

Nio's Firefly brand has reached 30,000 deliveries seven months after launching its Firefly EV. The brand plans to expand into 17 new markets across Europe, America, and Southeast Asia. Firefly has already commenced deliveries in the Netherlands, Norway, and Belgium, and aims to enter the UK and Thailand by 2026, focusing on right-hand drive markets without tariff barriers.