eToro initiated with a Neutral at UBS

UBS analyst Alex Kramm initiated coverage of eToro (ETOR) with a Neutral rating and $70 price target eToro is well-positioned to benefit from increasing retail participation in financial markets, which has been accelerating in the last few years, and should support high single-digit net contribution revenue growth, the analyst tells investors in a research note. At the same time, UBS says eToro still has to demonstrate that it can execute on product and market expansion, while near-term results could be volatile.