US Stock Market Move | Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) rose more than 3% with Goldman Sachs Group, Inc. upgrading its rating to "buy."

On Monday, Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) rose over 3% to $156.55. Goldman Sachs Group, Inc. upgraded Futu's rating from "Neutral" to "Buy" and raised their 12-month target price to $213.39 (about 30% upside). The upgrade is based on a more positive outlook on the capital market environment and a reevaluation of the sustainability of Futu's "new customers + turnover/trading activity" model.