tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Mizuho views eToro Q2 earnings report as ‘upbeat’

Mizuho analyst Dan Dolev views eToro’s (ETOR) Q2 report as “upbeat” with revenue ahead of consensus expectations at $210M. The company continued to expand its trade offering by launching tokenized U.S. stocks and broadened its futures and spot-quoted futures access, the analyst tells investors in a research note. eToro now offers over 100 crypto assets in the U.S. but trading activity slowed, adds Mizuho. The firm keeps an Outperform rating on the shares with an $80 price target The stock in premarket trading is up 4% to $57.55.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1