Citizens JMP Starts eToro Group (ETOR) at Market Outperform

Citizens JMP analyst Devin Ryan initiates coverage on eToro Group (NASDAQ: ETOR) with a Market Outperform rating and a price target of $85.00.

The analyst comments: "Our rating and target are supported by eToro’s shift to consistent profitability, which reduces downside risk in the stock, coupled with our view that its best days of growth are still ahead. eToro is a global social trading and investment platform for retail investors to trade stocks, cryptocurrencies, and other assets, and it fosters a community-driven approach to wealth creation. Founded in 2007, it has grown into a leading FinTech player, serving 3.6 million funded accounts across 75 countries. The company is scaling its core offerings and exploring new financial services through organic growth and potential M&A. With a compelling valuation and untapped market opportunities, we believe eToro is well-positioned to capture share of the expanding retail investing market."

For an analyst ratings summary and ratings history on eToro Group click here. For more ratings news on eToro Group click here.

Shares of eToro Group closed at $68.70 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Boeing lands two U.S. defense contracts worth over $711M