What Do Analysts Think About Futu Holdings Limited (FUTU)?

Futu Holdings Limited (NASDAQ:FUTU) is one of the top high growth international stocks to buy right now. On August 28, JPMorgan raised the firm’s price target on Futu Holdings Limited (NASDAQ:FUTU) to $270 from $200, keeping an Overweight rating on the shares.

Futu (FUTU) Holdings Jumps 7% on Bullish Rating, Price Target Upgrade

Bank of America Securities’ Emma Xu also expressed bullish sentiments for the stock on August 25, giving it a Buy rating.

Similarly, Barclays raised the firm’s price target on Futu Holdings Limited (NASDAQ:FUTU) to $232 from $176 while keeping an Overweight rating on the shares.

The analyst told investors in a research note that Futu Holdings Limited (NASDAQ:FUTU) reported stronger-than-expected Q2 results attributed to underlying operating trends, including growth of assets under management and new customer additions.

Headquartered in Hong Kong, Futu Holdings Limited (NASDAQ:FUTU) provides digitalized financial services. The company’s offerings include securities brokerage and wealth management products.

While we acknowledge the potential of FUTU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FUTU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.