Futu Holdings Stock Skyrockets 77%: Grandmaster Obi’s Major Buy Alert Pays Off Big!
In an impressive rally, Futu Holdings (NASDAQ: FUTU) has surged from $72 to a premarket high of $128, delivering a massive 77% return for those who heeded Grandmaster Obi’s buy alert on September 24th. Obi, known for his timely stock calls, hit the nail on the head again, flagging FUTU as a prime opportunity when it was trading much lower. The stock’s rise has been fueled by a mix of bullish market sentiment and updated analyst price targets. With Futu hitting new highs, the stock is poised for more attention from retail investors.
What’s Behind FUTU’s Rocket-Like Surge?
Futu’s rally is not just about a single lucky streak. The company is benefiting from strategic moves in its digital brokerage services, particularly through its popular platforms, Moomoo and Futubull. Futu provides wealth management and securities brokerage in Hong Kong and internationally, capturing investor interest with its technology-driven approach to finance.
Moreover, Bank of America recently raised its price target from $80.20 to $90, underscoring confidence in Futu’s future potential. With six analysts rating it a “buy,” investors are now considering whether this explosive growth has more room to run.
Obi’s Bold Call: “Now’s the Time”
Grandmaster Obi’s alert on FUTU at $72 on 9/24/24 came just before the stock began its rapid ascent. Known for spotting breakout stocks, Obi’s community of retail investors was primed for this jump. As the stock shot up to $128 in the premarket, his prediction proved to be spot on, showing the value of his market insights.
What’s Next for Futu?
With the stock now trading near all-time highs and continued positive analyst sentiment, investors are wondering if there’s more upside to come. Some speculate that Futu’s growth in the digital wealth space, alongside strong earnings, could push the stock even higher, making it a continued watch for both retail and institutional players.
Futu’s recent earnings report showed $400 million in revenue and strong margins, with analysts expecting further growth into 2024. Whether the stock will maintain its momentum or correct after this run is the question on every investor’s mind. However, with Obi’s track record, those who bought in early are already celebrating massive gains.
Final Thoughts
Futu’s dramatic rise has been a boon for Grandmaster Obi’s followers and has put the company on the map as a standout performer. With nearly an 80% gain in just weeks, this stock has quickly become a hot topic in the investment community. As long as the market stays favorable, FUTU’s growth story may not be over yet.
