BofA raised the firm’s price target on eToro (ETOR) to $44 from $40 and keeps a Neutral rating on the shares. The company reported a Q4 adjusted earnings beat driven by stronger equities, currencies, and commodities net trading contribution, lower taxes, and reduced share count, the analyst tells investors in a research note. The firm added that ECC contribution per trade improved quarter-on-quarter supported by elevated commodities trading.
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