Where does Wall Street think shares of Futu Holdings Ltd (FUTU) will go?

Analysts following Futu Holdings Ltd (FUTU) on average expect it to add 65.38% over the next twelve months. These same analysts give the stock an average buy rating. This average rating gives the stock an analyst rating of 31, meaning it ranks above 31 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts rate FUTU as a buy today. Find out what this means for you and get the rest of the leaderboard on FUTU!

Why are analyst ratings important?

While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.

What’s going on with Futu Holdings Ltd shares today?

Futu Holdings Ltd (FUTU) stock is trading at $42.40 as of 9:47 a.m. Thursday, July 28, down -$0.77, or -1.8% from the previous closing price of 43.17 $. The stock has traded between $42.32 and $43.85 so far today. Today the volume is low. So far, 146,247 shares have been traded with an average volume of 3,093,841 shares. Click here for the full Futu Holdings Ltd stock report.

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