Goldman Sachs analyst James Yaro maintained a Buy rating on eToro today and set a price target of $78.00.
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James Yaro’s rating is based on a combination of factors that highlight both the strengths and challenges faced by eToro. Despite reporting lower-than-expected earnings per share for the second quarter of 2025, eToro demonstrated a robust net contribution in its equities, currencies, and commodities (ECC) segment, which was significantly above market expectations. This strong performance in ECC was driven by a notable increase in net trading contribution per trade, even though the overall number of trades was lower.
However, the company faced challenges with its crypto segment, which saw a decline in net contribution due to a decrease in trading volume, despite higher net contribution per trade. Additionally, while net interest contribution slightly decreased, the overall financial outlook remains positive. James Yaro anticipates that improvements in crypto trading activity and clarity on expense management, particularly in marketing and employee expenses, will support eToro’s growth trajectory, justifying the Buy rating.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $80.00 price target.