Update shared on22 Aug 2025
Fair value Increased 23%Driven by significantly better-than-expected Q2 results, strong customer and asset growth, and favorable regulatory developments in Hong Kong and China, analysts have raised Futu Holdings’ consensus price target from $162.88 to $182.62.
Analyst Commentary
- Strong Q2 performance, with results well ahead of expectations, driven by robust growth in new customer acquisitions and assets under management.
- Record-high quarterly profit exceeding analyst forecasts, with management guiding for continued solid new paying customer additions in Q3.
- Anticipated year-over-year increase in new paying clients despite a sequential decline from a high seasonal base, continued double-digit growth in total client assets and revenue, elevated trading activity, stable commission rates, and rising interest income, partially offset by a small decline in gross margin.
- Positive high-frequency data for July, indicating strong ongoing momentum in key growth metrics.
- Increased investor interest due to regulatory developments in Hong Kong and China regarding stablecoins, with Futu well positioned to capitalize on greater demand for crypto-related financial services.
Valuation Changes
Summary of Valuation Changes for Futu Holdings
- The Consensus Analyst Price Target has significantly risen from $162.88 to $182.62.
- The Future P/E for Futu Holdings has significantly fallen from 20.82x to 2.76x.
- The Consensus Revenue Growth forecasts for Futu Holdings has significantly fallen from 20.2% per annum to 16.0% per annum.
Disclaimer
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