Needham lowered the firm’s price target on eToro (ETOR) to $58 from $68 and keeps a Buy rating on the shares. The firm lowered its estimates and price targets across the cryptoasset sector as it sees continued weakness in crypto volumes for the next couple quarters. Even if crypto prices are near a bottom, retail volumes typically remain muted until momentum returns, the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETOR:
- Israeli Startups Raise $15.6 Billion in 2025 as AI and Cybersecurity Take Center Stage
- eToro price target lowered to $48 from $55 at BofA
- eToro reports AUA of $18.8B in November, up 9% year-over-year
- Kraken’s Secret IPO Paperwork Fuels a New Fight for Crypto Market Credibility
- Top Crypto ‘Value’ Picks Based on Revenue, Token Buybacks, and Institutional Demand