US Tiger Securities
US Tiger Securities is the New York broker-dealer of UP Fintech Holding, parent of online broker Tiger Brokers; it underwrites small-cap IPOs and publishes research on US-listed Chinese internet and electric-vehicle stocks and digital-asset equities.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 812M
- Actions
- 1312M
- Ratings / Price targets
- 5 / 8
- Buy-rated
- 60%of 5 rated
- Median upside
- +24.7%
- Targets raised / lowered
- 2 / 4
- On record
- May 2021 – Aug 2026
Overview
US Tiger's research department publishes on US- and Hong Kong-listed equities, focusing on Chinese internet, e-commerce and electric-vehicle companies, digital-asset equities and Bitcoin; its research portal lists more than 500 reports as of 2026. US Tiger's report disclosures (2026) say analysts are paid on factors including research quality, client feedback, stock picking and overall investment-banking revenues, though not on specific banking deals.
The firm, formerly JFD Securities, Inc., is a FINRA-registered broker-dealer. Tiger Holdings, LLC acquired it in March 2018, and UP Fintech's US unit Tiger Fintech Holdings completed its purchase in November 2018, ahead of UP Fintech's 2019 Nasdaq listing. Tiger Brokers itself was founded in Beijing in 2014 by Wu Tianhua. US Tiger has since acted as sole bookrunner on numerous small IPOs, many by Asian issuers.
Milestones
- 2014
Parent Tiger Brokers founded in Beijing by Wu Tianhua
- 2018
Tiger Fintech Holdings completed acquisition of the broker-dealer
- 2019
Parent UP Fintech listed on Nasdaq as TIGR
Firm facts
- Legal name
- US Tiger Securities, Inc.
- Type
- Boutique
- Headquarters
- New York, United States
- Parent
- UP Fintech Holding Limited
- Listing
- Nasdaq: TIGR
- Chief Executive Officer
- Lei Huang
- Rating scale
- BuyHoldSell12 months
- Also filed as
- US Tiger Securities, Inc
- Website
- ustigersecurities.com
Research philosophy
Rigorous research methodology backed by experienced analysts and proprietary data models.
US Tiger's 2026 Bitcoin research links its investment thesis to persistent fiscal deficits and rising debt-servicing costs, rather than short-term fluctuations in monthly inflation data.
Rating methodology
Ratings reflect expected absolute returns over 12 months: Buy for a gain of at least 20%, Hold for a return between -20% and 20%, and Sell for a loss of at least 20%. In its 2026 Bitcoin research, US Tiger bases its price target on Bitcoin capturing a share of gold's market value and checks that estimate against on-chain cost-basis measures.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Circle Internet GroupCRCL | Buy | $100 |
 Li Auto Inc.LI | Buy | $16 |
 PDD Holdings Inc.PDD | Hold | $100 |
 Baidu, Inc.BIDU | — | $150 |
 Coinbase Global, Inc.COIN | Buy | $200 |
 Bill.com Holdings, Inc.BILL | — | $25 |
 Reddit, Inc.RDDT | Buy | — |
 XPeng Inc.XPEV | Hold | $40 |
 Zscaler, Inc.ZS | — | $230 |
Most active analysts
- Bo Pei7 notesBIDULIBILL
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Aug 26 | Li Auto Inc.LI | Reiterate | Buy | $24 →$16 | Bo Pei |
| Aug 24 | XPeng Inc.XPEV | Reiterate | Hold | ||
| Aug 24 | PDD Holdings Inc.PDD | Reiterate | Hold | ||
| Jul 22 | Reddit, Inc.RDDT | Reiterate | Buy | ||
| Jul 21 | Circle Internet GroupCRCL | Reiterate | Buy | ||
| Jul 7 | Coinbase Global, Inc.COIN | Target | $380 →$200 | ||
| Jun 30 | Circle Internet GroupCRCL | Target | $140 →$100 | ||
| May 27 | PDD Holdings Inc.PDD | Target | $80 →$100 | Bo Pei | |
| May 27 | Zscaler, Inc.ZS | Target | $230 | ||
| Feb 4 | Baidu, Inc.BIDU | Target | $120 →$150 | Bo Pei | |
| Nov 28, 2025 | Li Auto Inc.LI | Target | $30 →$24 | Bo Pei |