12 Hot Stocks to Buy According to Analysts

10. Futu Holdings Limited (NASDAQ:FUTU)

Average Upside Potential: 30.97%

Gain Over Past 6 Months: 40.79%

Futu Holdings Limited (NASDAQ:FUTU) serves as an advanced fintech company that provides fully digital financial services in multiple markets. FUTU offers investment services such as trade execution and clearing, margin financing and securities lending, as well as wealth management, through its proprietary digital platforms, Futubull, and moomoo.

The leading tech-driven online brokerage and wealth management platform, FUTU, boasts solid client momentum. In the first nine months of the preceding year, the firm acquired 487,000 paying clients, driven by strong momentum in newer markets and robust growth in established markets. While client acquisition has accelerated in Hong Kong and Singapore, Malaysia was another top contributor of new paying clients with FUTU elevating its brand image in the country and becoming the first broker in Malaysia to offer U.S. options trading.

The financials remain robust for Futu Holdings Limited (NASDAQ:FUTU) as the company closed the third quarter of 2024 with a total revenue of HK$3.4 billion, up 30% over the year. Brokerage commission and handling charge income was up 51.5% over the year, driven by the 74.7% year-over-year rise in total trading volume, partially offset by the decline in the blended commission rate.