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Futu Holdings (FUTU) Could Be 34% Undervalued After Q2 2026 Account Growth

Simply Wall St · 1d ago

Futu Holdings (FUTU) drew fresh attention after its Q2 2026 update, which highlighted funded accounts of about 3.84 million and sizeable revenue from online brokerage and margin financing on its Futubull and moomoo platforms.

At around US$105.48, Futu Holdings has seen the share price fall about 7% over the past week and roughly 41% year to date. A 3 year total shareholder return close to 90% and a 5 year total shareholder return above 50% indicate that longer term momentum remains intact, even as recent trading suggests investors are reassessing growth potential and risk around its rapid expansion story.

Scan for other fast-growing digital finance stocks with similar account and fee income themes by reviewing the hand-picked 20 high quality undiscovered gems alongside Futu Holdings.

After a sharp pullback yet a wide gap to both analyst targets and intrinsic value estimates, Futu Holdings now trades in the middle of a very broad fair value range. Which part of that spectrum best fits the current price?

Most Popular Narrative: 34% Undervalued

Futu Holdings trades at $105.48 against a widely followed fair value view of about $160.84, so the valuation debate hinges on whether its overseas expansion and wealth platform can support that higher figure over time.

The rapid growth in funded accounts remains a live driver, with total funded accounts reaching about 3.84 million in Q2 2026 and overseas markets contributing nearly 60% of these. This can support future revenue and fee income growth from a larger, more diversified client base.

The build out of wealth management and virtual asset capabilities, including around HKD 178 billion to HKD 180 billion of wealth management client assets and the full VATP license at PantherTrade, can broaden fee based income and support earnings from more stable, asset based revenue.

See why 51 investors see Futu Holdings as 34% undervalued.

Result: Fair Value of $160.84 (UNDERVALUED)

Still, the bullish Futu Holdings narrative can crack if China related regulatory pressure tightens again, or if softer trading activity persists for longer than expected.

Find out about the key risks to this Futu Holdings narrative.

Next Steps

Sentiment around Futu Holdings is clearly split, so move quickly, review the numbers, and pressure test whether the current story really holds. To understand what optimists are focusing on, review the 4 key rewards.

Looking for more Futu Holdings style ideas?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.