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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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