UP Fintech price target lowered to $5 from $6.49 at Citi

Citi lowered the firm’s price target on UP Fintech to $5 from $6.49 and keeps a Buy rating on the shares following the Q2 report. The company’s “troubled exposure” has been fully written off in Q2, despite a signed agreement from the client to fully repay loan by end of 2025, the analyst tells investors in a research note. The firm says UP Fintech is seeing strength across its core business.