Citi analyst Christopher Allen lowered the firm’s price target on eToro (ETOR) to $57 from $62 and keeps a Neutral rating on the shares. The firm increased estimates following the company’s monthly metric update but cut the price target on incremental cautious over the retail trading overall.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETOR:
- Gemini IPO Targets $2.22 Billion as Winklevoss Twins Test Wall Street’s Appetite
- eToro reports AUA of $19.7B in August, up 77% year-over-year
- Tiger Global boosts stakes in Meta, Amazon, Microsoft, Nvidia, Reddit
- eToro price target lowered to $58 from $70 at UBS
- eToro price target lowered to $61 from $70 at BofA