eToro price target lowered to $61 from $70 at BofA

BofA lowered the firm’s price target on eToro (ETOR) to $61 from $70 and keeps a Neutral rating on the shares after the company reported its first quarterly financial result as a public company. Account growth was only 1.4% quarter-over-quarter, which missed the firm’s 3% forecast, notes the analyst, who lowered the firm’s 2025, 2026 and 2027 adjusted EPS estimates to $2.24, $2.21 and $2.44, respectively, due to lower net interest income and higher operating expense forecasts and a lower organic growth trajectory.