eToro initiated with an Outperform at Mizuho

Mizuho initiated coverage of eToro (ETOR) with an Outperform rating and $80 price target With 3.5M funded accounts across a global footprint of 75 countries, eToro focuses on disrupting legacy institutions both globally and in the U.S. by providing both investing tools and learning resources, the analyst tells investors in a research note. The firm says the company enjoys several key competitive advantages and has has a set of “viral features” like social trading, copy trading, and artificial intelligence-driven smart portfolios offering retail investors strategy-based trading.