eToro price target lowered to $76 from $80 at Needham

Needham lowered the firm’s price target on eToro (ETOR) to $76 from $80 and keeps a Buy rating on the shares. The company reported a top-line driven EBITDA beat of $72M as ECC – Equities, Currencies, and Commodities – segment strength more than offset lower crypto volume, the analyst tells investors in a research note. Tariff-related volatility in April, which normalized in May/June and subsequently re-accelerated in July, also allowed for greater spread capture on both ECC and crypto, the firm added.