Citi upgrades UP Fintech to 'neutral' after robust Q4 results

UP Fintech Holding

19/03/2025 19:09

** Citi Research upgrades Chinese brokerage firm UP Fintech TIGR.O, known as Tiger Brokers, to "neutral" from "sell"; raises PT to $9.5 from $5.8, a 2% downside to stock's last close

** Brokerage says despite heightened U.S. stock market volatility and recession risk, TIGR saw still resilient trading volumes and asset inflow YTD easing near-term downside risk

** U.S.-listed shares of TIGR closed up 21.6% at $9.69 on Tuesday after the firm reported Q4 results

** Brokerage also raises its FY 2025-FY 2026 earnings estimates for TIGR given better-than-expected Q4 results and still strong asset inflow and trading volumes YTD

** TIGR stock up 51% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))