Futu Holdings: Citigroup raises PT to $176 from $113, maintains Neutral rating.

Futu Holdings: Citigroup raises PT to $176 from $113, maintains Neutral rating.

July 02, 2025

Citigroup has revised its price target for Futu Holdings (FUTU) to $176 from $113, while maintaining a Neutral rating on the stock. This adjustment reflects the rising investor interest in companies tied to cryptocurrency, driven by recent regulatory developments such as Hong Kong's stablecoin legislation and China's remarks on the significance of stablecoins in global trade [2].

Futu Holdings, a fintech company valued at nearly $20 billion, has demonstrated remarkable performance with a 79.5% year-to-date return. The company serves approximately 2.7 million paying retail investor clients with assets under management exceeding $100 billion. Over half of these clients are based in Hong Kong and Singapore [1].

The company has grown its client base, assets under management, and revenues by 20-25% annually over the past three years, with expectations that this strong growth will continue and accelerate in the coming years. In the first quarter of 2025, Futu Holdings reported earnings that more than doubled from the previous year, with net income reaching HK$2.14 billion ($275.4 million) [2].

The average target price for Futu Holdings Ltd (FUTU) based on 16 analysts is $151.98, with a high estimate of $188.88 and a low estimate of $124.89. The consensus recommendation from 18 brokerage firms is currently 1.8, indicating an "Outperform" status [2].

Citigroup's new price target of $176 reflects the company's competitive edge in the cryptocurrency sector and potential for meaningful revenue contribution from this area. Futu Holdings has expanded into the New Zealand market and launched its AI-powered platform, Futubull AI, which has received a high satisfaction rate among users [2].

References:
[1] https://za.investing.com/news/analyst-ratings/barclays-initiates-futu-holdings-stock-with-overweight-rating-176-target-93CH-3792951
[2] https://www.gurufocus.com/news/2995058/citi-boosts-futu-holdings-futu-price-target-amid-growing-crypto-interest-futu-stock-news