Citi slashes UP Fintech stock target to $6.22, maintains buy.

1 min read


– Citi lowered UP Fintech stock target to $6.22 from $8.01 but maintains Buy rating.

– UP Fintech reported a significant decline in non-GAAP net profit for the fourth quarter.

In a recent update, Citi revised its stance on UP Fintech Holding Ltd. by reducing the stock price target to $6.22 from $8.01, although the firm still maintains a Buy rating on the stock. This revision follows UP Fintech’s fourth-quarter report, which showed a substantial decrease in non-GAAP net profit. The online brokerage firm reported a 93% decline in non-GAAP net profit from the previous quarter and a 77% drop year-over-year. Despite these setbacks, UP Fintech reported positive developments with an increase in new paying customers and ambitious goals for 2024.

Previous Story

The fall of UP Fintech’s stock in today’s online market.

Next Story

Banking for all: BaaS drives financial inclusion

Latest from News