UBS Starts UP Fintech Holding Ltd. (TIGR) at Buy

UBS analyst Dennis Bai initiates coverage on UP Fintech Holding Ltd. (NASDAQ: TIGR) with a Buy rating and a price target of $13.10.

The analyst comments: "TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms. With its full suite of products and competitive pricing, we think TIGR looks well positioned to win share from traditional institutions. Its tech-first brokerage model may enable high operating leverage, translating into rapid bottom-line growth and margin improvement as client AUM scales. We find the story compelling: fast client acquisition, expanding wallet share and improving margins, along with untapped upside potential from digital assets."

For an analyst ratings summary and ratings history on UP Fintech Holding Ltd. click here. For more ratings news on UP Fintech Holding Ltd. click here.

Shares of UP Fintech Holding Ltd. closed at $9.60 yesterday.

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