UP Fintech Stock (TIGR) Gains New Bull as UBS Initiates Coverage

UP Fintech Holding Ltd. (TIGR) is experiencing renewed market optimism following the initiation of coverage by UBS with a ‘Buy' rating, signaling confidence in the online brokerage firm’s growth prospects. This endorsement adds to a series of positive ratings and strong financial results, driving increased attention to the stock.

Currently, UP Fintech stock is trading at $9.88, for a 2.92% gain on the day, and an increase of 6.81% in the last five days. The longer-term outlook, bolstered by recent analyst upgrades and impressive financial performance, suggests potential for upward momentum.

UBS set a price target of $13.10 for UP Fintech, highlighting the company's advantageous position to capitalize on the expanding wealth management markets in Hong Kong and Singapore. The firm believes UP Fintech is poised to capture market share from traditional financial institutions, owing to its innovative, technology-driven platform and competitive pricing. This echoes sentiments from Jefferies, which initiated coverage in late September with a ‘Buy' rating and a $12 price target, indicating a consensus view on UP Fintech's potential for growth driven by its diversified product offerings.

Citi also upgraded UP Fintech to a ‘Buy' in July, raising its price target to $14 from $9.50, citing better-than-expected performance in the U.S. and Hong Kong markets, as well as the company's foray into the cryptocurrency sector. Citi's revised earnings forecasts project a 24% compound annual growth rate from 2024 to 2027, factoring in potential revenue from Virtual Asset Service Provider (VASP) and Virtual Asset Trading Platform (VATP) licenses.

The positive analyst ratings are underpinned by UP Fintech's strong financial results. In the second quarter of 2025, the company reported record revenue of $138.7 million, a 58.7% year-over-year increase. Non-GAAP net income attributable to shareholders surged nearly eightfold to $44.5 million. The company added 52,700 new accounts, bringing the total number of global accounts to 2.58 million. Client assets reached a record $52.1 billion, up 13.5% quarter-over-quarter and 36.3% year-over-year.

The convergence of positive analyst sentiment and robust financial performance paints a promising picture for UP Fintech. The company's strategic focus on technology-driven brokerage solutions and expansion into cryptocurrency services position it well to gain market share in key growth markets. The initiation of coverage by UBS further validates UP Fintech’s strategic direction and market potential.

The markets will be watching closely to see if UP Fintech can sustain its growth trajectory and capitalize on the opportunities presented by the evolving financial landscape, potentially influencing the future movement of the stock.