Bank of America Begins Coverage on Etoro Group (NASDAQ:ETOR)

Bank of America assumed coverage on shares of Etoro Group (NASDAQ:ETOR) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “neutral” rating and a $71.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 6.03% from the stock’s current price.

A number of other research analysts have also weighed in on ETOR. Canaccord Genuity Group began coverage on shares of Etoro Group in a research note on Monday. They issued a “buy” rating and a $78.00 price objective for the company. Jefferies Financial Group started coverage on shares of Etoro Group in a report on Monday. They issued a “buy” rating and a $80.00 price target on the stock. UBS Group started coverage on shares of Etoro Group in a research report on Monday. They issued a “neutral” rating and a $70.00 price objective on the stock. Redburn Atlantic started coverage on shares of Etoro Group in a research note on Monday. They issued a “neutral” rating and a $68.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of Etoro Group in a research note on Monday. They issued a “buy” rating and a $76.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Etoro Group Stock Down 11.9%

Shares of Etoro Group stock opened at $66.96 on Monday. Etoro Group has a 52-week low of $57.50 and a 52-week high of $79.96.

Etoro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter.

Etoro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.