Key Takeaways:
- UP Fintech reports impressive Q1 results, with significant revenue growth of 55.3% year-over-year.
- Analysts project an average target price of $9.86 for TIGR, suggesting potential upside.
- Current "Outperform" rating with a valuable insight into future stock performance.
UP Fintech Holding Ltd (NASDAQ: TIGR) has posted remarkable results for the first quarter, outperforming market expectations with a non-GAAP EPADS of $0.198. The company's revenue surged to an impressive $122.6 million, marking a robust 55.3% increase compared to the previous year. More notably, total net revenues soared by 67.7%, while customer deposits expanded by 23.5%, reaching an impressive 1,152,900 accounts.
Wall Street Analysts Forecast
Examining the one-year price targets from a panel of 7 analysts, UP Fintech Holding Ltd (TIGR, Financial) boasts an average target price of $9.86. The projections range from a high of $14.00 to a low of $3.06, implying a potential upside of 16.91% from its current price of $8.43. For a more detailed breakdown, visit the UP Fintech Holding Ltd (TIGR) Forecast page.
In terms of consensus recommendations, UP Fintech is currently rated at 2.1 by 8 brokerage firms, categorizing it as "Outperform." This evaluation uses a scale where 1 means Strong Buy, and 5 indicates Sell.
According to GuruFocus metrics, the estimated GF Value for UP Fintech Holding Ltd (TIGR, Financial) over the next year is projected at $7.33, indicating a downside potential of 13.05% relative to its current trading price of $8.43. The GF Value is calculated by considering the stock's historical trading multiples, its past growth trajectory, and anticipated future performance. For more in-depth analysis, check out the UP Fintech Holding Ltd (TIGR) Summary page.
