Bofa Maintains Buy Rating on Futu Holdings (FUTU)

Futu Holdings Limited (NASDAQ:FUTU) is one of the 10 Best Asian Stocks with Huge Upside Potential.

On May 29, 2026, BofA lowered the firm’s price target on Futu Holdings Limited (NASDAQ:FUTU) to $180 from $223.50 and maintained a Buy rating on the shares. BofA cut its FY26-28 EPS estimates by 6%-14% to reflect recent regulatory tightening and lowered its target multiple due to uncertainty around the market and competitive environment.

On May 28, 2026, Jefferies analyst Zoey Zong lowered the firm’s price target on Futu Holdings Limited (NASDAQ:FUTU) to $170.50 from $224 and maintained a Buy rating on the shares after the company reported Q1 results. Zong said Futu’s buyback reflects long-term confidence.

Bofa Maintains Buy Rating on Futu Holdings (FUTU)

Also on May 28, Futu Holdings Limited (NASDAQ:FUTU) reported Q1 EPS of 77c, compared to $1.96 last year. Revenue totaled $746.9M, up from $603.4M last year. Total users increased 14.9% year-over-year to 30.2M as of March 31. Chairman and CEO Leaf Hua Li said Futu added 225 thousand net new funded accounts in the quarter, bringing total funded accounts to 3.6 million, up 34.3% year-over-year.

Futu Holdings Limited (NASDAQ:FUTU) provides digitalized securities brokerage and wealth management product distribution services in Hong Kong and internationally.

While we acknowledge the risk and potential of FUTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FUTU and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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