Wall Street Analysts See a 32.25% Upside in Futu Holdings (FUTU): Can the Stock Really Move This High?

Core Viewpoint - Futu Holdings Limited (FUTU) shows potential for significant upside, with a mean price target of $219.48 indicating a 32.3% increase from its current price of $165.96 [1] Price Targets and Analyst Estimates - The mean estimate consists of 11 short-term price targets with a standard deviation of $35.2, suggesting variability in analyst predictions [2] - The lowest estimate is $157.85, indicating a potential decline of 4.9%, while the highest estimate is $300.00, suggesting an 80.8% increase [2] - A low standard deviation indicates strong agreement among analysts regarding FUTU's price movement [9] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about FUTU's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [11] - The Zacks Consensus Estimate for the current year has risen by 2.2% over the past month, with one estimate increasing and no negative revisions [12] - FUTU holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be wise, as analysts' ability to set accurate targets has been questioned [3][10] - Analysts often set optimistic price targets due to business incentives, which can lead to inflated estimates [8]