eToro price target raised to $54 from $52 at TD Cowen

TD Cowen analyst Bill Katz raised the firm’s price target on eToro (ETOR) to $54 from $52 and keeps a Buy rating on the shares. The firm exited Q3 incrementally bullish and raised their estimates following updates on funded accounts, Client Acquisition Costs, new product flywheel, enhanced disclosure, repurchase and strong momentum into year-end.