visimoney
TLDR:
- UP Fintech’s price target lowered to $6.22 by Citigroup
- Citigroup maintains a “buy” rating for the stock
UP Fintech (NASDAQ:TIGR) saw its price target decreased by Citigroup from $8.01 to $6.22. Despite the lower price target, Citigroup continues to recommend a “buy” rating for the stock, suggesting a potential upside of 72.78% from its current price. The Goldman Sachs Group also adjusted their target price for UP Fintech from $2.84 to $3.17, with a “sell” rating. The stock’s current performance shows an opening at $3.60 on Thursday, with a twelve month low of $2.31 and a high of $5.80. The company’s market capitalization stands at $562.00 million.
A number of institutional investors and hedge funds have recently engaged with UP Fintech, including Acadian Asset Management LLC, Walleye Capital LLC, CHURCHILL MANAGEMENT Corp, GSA Capital Partners LLP, and Connor Clark & Lunn Investment Management Ltd. These investments indicate confidence in the company’s potential.
UP Fintech Holding Limited is known for providing online brokerage services focusing on Chinese investors. They offer a platform for trading various financial instruments, along with value-added services such as investor education and account management. Despite the adjustments in price targets, the company continues to attract interest from investors and analysts alike.
