Needham & Company LLC Begins Coverage on Etoro Group (NASDAQ:ETOR)

Analysts at Needham & Company LLC initiated coverage on shares of Etoro Group (NASDAQ:ETOR) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $80.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 19.47% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group started coverage on shares of Etoro Group in a research report on Monday. They set a “buy” rating and a $78.00 price objective on the stock. Wall Street Zen upgraded shares of Etoro Group to a “hold” rating in a report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.88.

Etoro Group Trading Down 11.9%

Shares of NASDAQ:ETOR opened at $66.96 on Monday. Etoro Group has a 1 year low of $57.50 and a 1 year high of $79.96.

Etoro Group (NASDAQ:ETOR) last issued 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.