UP Fintech Holding: Look Beyond One-Offs And Consider Positive Growth Momentum [Seeking Alpha]
UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares (TIGR)
US:NASDAQ Investor Relations:
tigerlogic.com/company/press/sap.jsp
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Source: Seeking Alpha
Follow Summary I am not worried about UP Fintech's Q2 2024 earnings miss, as the company's second quarter bottom line was affected by a non-recurring provision. Instead, my focus is on TIGR's strong Q2 top line performance, with its latest quarterly revenue rising by +32.4% YoY and beating the market's expectations by +24.5%. I have left my Buy rating for UP Fintech unchanged, as the stock is undervalued based on growth, historical, and peer comparisons. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Daniel Balakov My Buy investment rating for UP Fintech Holding Limited NASDAQ: TIGR ) remains unchanged. Investors should ignore the headline earnings miss for TIGR, as this was attributable to a one-off provision which won't likely recur in the future. Instead, the market should reward UP Fintech for its positive growth momentum. TIGR achieved significant revenue growth acceleration in Q2 2024, and delivered a
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News
- UP Fintech Holding Limited (NASDAQ: TIGR) had its price target lowered by analysts at Citigroup Inc. from $6.49 to $5.00. They now have a "buy" rating on the stock.MarketBeat
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- UP Fintech Holding Limited (TIGR) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- UP Fintech: Record-High Quarterly Revenue with Total Client Assets Reaching US$38.2 BillionPR Newswire