BoaA maintains “Buy” rating on Futu Holdings, raises target price to $81.00
On May 14, Bank of America released a research report, optimistic about $Futu Futu Holdings Ltd. (FUTU.US)'s customer growth in the first quarter of '24, and raised the target price from $62.80 to $81.00. Bank of America pointed out the following highlights of Futu: Bank of America expects strong growth in new paying customers in the first quarter of '24, driven by improved market sentiment and a strong start in the Malaysian market (Bank of America expected 136,000; Visible Alpha [VA] agreed forecast was 84,000). Bank of America expects revenue growth of 9% month-on-month in the first quarter of '24 to reach HK$2.6 billion, GA
Futu to Report First Quarter 2024 Financial Results on May 28, 2024
Qiaoshui's Q1 favors technology stocks! Newly opened warehouses with Amazon and AMD, Pinduoduo and P&G have continuously reduced their holdings
Amazon was Qiaoshui's largest newly opened stock in the first quarter. After almost clearing its inventory last year, Apple's holdings were greatly increased again, and Pinduoduo and P&G's holdings were reduced for several consecutive quarters.
Futu Morning Post | NASDAQ hits a new closing high, WSB concept stocks are booming; Powell: The Federal Reserve needs to “wait patiently”
All of the Qiaoshui and Gao Lin position reports were released; Ali fell more than 6%, and adjusted net profit fell 11% year over year; Google launched a new version of the search engine with generative AI functions.
US stocks closed | The three major indices rose, and the NASDAQ hit a new closing high! Game Station soared by more than 60%, and Tencent's ADR rose nearly 5%
Most star technology stocks rose, with Tesla rising more than 3%; popular Chinese securities had mixed ups and downs. Tencent's ADR closed up nearly 5%, and Alibaba dropped more than 6% after its results.
MOGU Shares Are Trading Higher After the Company Announced It Authorized a $8 Million Share Buyback Program.
MOGU Shares Are Trading Higher After the Company Announced It Authorized a $8 Million Share Buyback Program.