Susquehanna lowered the firm’s price target on eToro (ETOR) to $66 from $70 and keeps a Neutral rating on the shares. The firm met with management who said despite the rally in Bitcoin, the company’s Crypto segment (21% of revenue) may be more muted this quarter as many alt coins underperformed.
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: