eToro initiated with a Buy at Jefferies

Jefferies analyst Daniel Fannon initiated coverage of eToro (ETOR) with a Buy rating and $80 price target eToro is well positioned to benefit from the growing adoption of retail investing globally, the analyst tells investors in a research note. The firm says that with leading retail market share in markets like the EU and UK, combined with a differentiated product offering and distinguished brand, the company is “uniquely positioned” to continue to grow its account base organically at 10% annually.