Futu (FUTU) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Futu in the last year. There are currently 2 sell ratings, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FUTU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FUTU, but not buy additional shares or sell existing shares.
View FUTU analyst ratings or view top-rated stocks.

7 brokers have issued 12-month price objectives for Futu's stock. Their FUTU share price forecasts range from $34.00 to $68.00. On average, they expect the company's stock price to reach $51.11 in the next year. This suggests that the stock has a possible downside of 13.4%.
View analysts price targets for FUTU or view top-rated stocks among Wall Street analysts.

Futu's stock was trading at $40.65 at the start of the year. Since then, FUTU shares have increased by 45.2% and is now trading at $59.03.
View the best growth stocks for 2023 here.

Futu saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,280,000 shares, an increase of 6.7% from the August 15th total of 7,760,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 10.5% of the shares of the stock are sold short.
View Futu's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our FUTU earnings forecast.

Futu Holdings Limited (NASDAQ:FUTU) posted its earnings results on Thursday, August, 24th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $317.10 million for the quarter. Futu had a trailing twelve-month return on equity of 18.79% and a net margin of 43.70%.

ETFs with the largest weight of Futu (NASDAQ:FUTU) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), Principal Millennial Global Growth ETF (GENY), Innovator IBD 50 ETF (FFTY), ERShares NextGen Entrepreneurs ETF (ERSX), iShares MSCI Hong Kong ETF (EWH), Parabla Innovation ETF (LZRD) and Emerging Markets Internet & Ecommerce ETF (EMQQ).iShares MSCI Intl Size Factor ETF (ISZE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Futu investors own include Tesla (TSLA), BorgWarner (BWA), Chegg (CHGG), Delta Air Lines (DAL), DraftKings (DKNG), General Electric (GE), Southwest Airlines (LUV), Magenta Therapeutics (MGTA) and

Futu trades on the NASDAQ under the ticker symbol "FUTU."

Futu's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.82%), Baillie Gifford & Co. (0.74%), State Street Corp (0.69%), Hsbc Holdings PLC (0.49%), Citadel Advisors LLC (0.00%) and Geode Capital Management LLC (0.30%).
View institutional ownership trends.

Shares of FUTU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FUTU stock can currently be purchased for approximately $59.03.

Futu (NASDAQ:FUTU) has a market capitalization of $8.88 billion and generates $975.97 million in revenue each year. The company earns $375.18 million in net income (profit) each year or $3.65 on an earnings per share basis.

The company employs 2,784 workers across the globe.

Futu's mailing address is 11/F Bangkok Bank Building No. 18 Bonham Strand W Sheung Wan, Hong Kong K3, . The official website for the company is www.futuholdings.com. The company can be reached via phone at (522) 523-3588 or via email at ir@futuholdings.com.