2024-11-19
Morgan Stanley upgrades fintech stock, sees almost 30% upside from here
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. That reflects around 29% upside from Friday’s close. “It’s still early-stage, but the accelerating franchise expansion in Singapore this year gives us more confidence…
