In a recent analysis, Bank of America analyst Emma Xu has adjusted the price target for UP Fintech (TIGR, Financial), bringing it down to $7.76 from the previous figure of $8.66. Despite this revision, Xu maintains a Buy rating on the company's shares.
The adjustment in price target comes as the firm also lowers its earnings per share (EPS) estimates for fiscal years 2025 to 2027 by 8% to 10%. This change is largely attributed to a downturn in both client assets and trading activity.
Despite these challenges, the analyst suggests that the recent downward correction in UP Fintech's stock price has already accounted for many of the present concerns, particularly following the impact of the "Liberation Day" tariffs.
