eToro initiated with Hold in rising competition at Deutsche Bank

Deutsche Bank initiated coverage of eToro (ETOR) with a Hold rating and $70 price target The firm sees “substantial” long-term growth opportunities via eToro’s “highly differentiated and appealing” social trading and investing platform. However, the analyst also sees some risks to the company’s growth from rising competition and any changes in pace of adoption of its social investing platform globally, and in the future, in the U.S. With the shares trading at 25.7-times estimated 2026 earnings, the current valuation fairly balances eToro’s risk and reward potential.