Accelerating earnings growth should drive shares of Futu Holdings higher, according to Morgan Stanley.
The investment bank upgraded the fintech stock to overweight from equal weight and raised its price target by $45 to $115.
Specifically, the analyst pointed to substantial client asset growth in the company's third-quarter results, forecasting a year-over-year increase of 38%.
Beyond that, Huang expects earnings to see year-over-year growth of 19% in both 2025 and 2026 overall.
FUTU YTD mountain FUTU, year-to-date Shares rose more than 2% in the premarket on Monday following the call.
Persons:
Morgan Stanley, It's, Chiyao Huang, Huang
Organizations:
Futu Holdings
Locations:
Singapore, Japan