US Tiger Securities
US Tiger Securities, Inc.
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.
Company history
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.
- 2014Parent Tiger Brokers founded in Beijing by Wu Tianhua
- 2018Tiger Fintech Holdings completed acquisition of the broker-dealer
- 2019Parent UP Fintech listed on Nasdaq as TIGR
Research
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. Ratings are absolute: Buy for an expected return of 20% or more within 12 months, Hold for +20% to −20%, and Sell for −20% or worse.
Coverage12M
- Stocks
- 8
- Ratings
- 5
- Price targets
- 8
- Median upside
- +24.7%
- Upgrades
- 0
- Downgrades
- 0
- Initiations
- 0
- Reiterations
- 5
- Targets raised
- 2
- Targets cut
- 4
- Positive60%3
- Neutral40%2
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 CRCLCircle Internet Group | Buy | $100 |
 LILi Auto Inc. | Buy | $16 |
 PDDPDD Holdings Inc. | Hold | $100 |
 BIDUBaidu, Inc. | — | $150 |
 COINCoinbase Global, Inc. | Buy | $200 |
 BILLBill.com Holdings, Inc. | — | $25 |
 RDDTReddit, Inc. | Buy | — |
 XPEVXPeng Inc. | Hold | $40 |
 ZSZscaler, Inc. | — | $230 |
Analysts24M
- Bo PeiBIDU · LI · BILL7
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| Li Auto Inc.LI | Reiterate | Buy | $24 →$16 | Aug 26 |
| XPeng Inc.XPEV | Reiterate | Hold | Aug 24 | |
| PDD Holdings Inc.PDD | Reiterate | Hold | Aug 24 | |
| Reddit, Inc.RDDT | Reiterate | Buy | Jul 22 | |
| Circle Internet GroupCRCL | Reiterate | Buy | Jul 21 | |
| Coinbase Global, Inc.COIN | Target | $380 →$200 | Jul 7 | |
| Circle Internet GroupCRCL | Target | $140 →$100 | Jun 30 | |
| PDD Holdings Inc.PDD | Target | $80 →$100 | May 27 | |
| Zscaler, Inc.ZS | Target | $230 | May 27 | |
| Baidu, Inc.BIDU | Target | $120 →$150 | Feb 4 | |
| Li Auto Inc.LI | Target | $30 →$24 | Nov 28, 2025 |
Similar coverage12M
References
- UP Fintech Holding Limited prospectus (SEC 424B4)sec.gov
- US Tiger Securities, Inc. - FINRA BrokerCheckbrokercheck.finra.org
- US Tiger Securities Researchresearch.ustigersecurities.com
- US Tiger Securities research report with rating definitions (4Q24)tigerheadline.com
- UP Fintech (TIGR) Q2 2026 Earnings Call Transcript - The Motley Foolfool.com
- Tiger Brokers - Wikipediaen.wikipedia.org