Citigroup Initiates Coverage on Etoro Group (NASDAQ:ETOR)

Investment analysts at Citigroup started coverage on shares of Etoro Group (NASDAQ:ETOR) in a note issued to investors on Monday, MarketBeat reports. The firm set a “neutral” rating and a $72.00 price target on the stock. Citigroup’s price target indicates a potential upside of 7.53% from the company’s current price.

Several other research firms have also issued reports on ETOR. Wall Street Zen raised shares of Etoro Group to a “hold” rating in a research report on Tuesday, May 27th. Jefferies Financial Group started coverage on shares of Etoro Group in a research report on Monday. They issued a “buy” rating and a $80.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Etoro Group in a research report on Monday. They issued a “buy” rating and a $78.00 price objective for the company. The Goldman Sachs Group started coverage on Etoro Group in a report on Monday. They issued a “buy” rating and a $76.00 price target for the company. Finally, Needham & Company LLC started coverage on Etoro Group in a report on Monday. They issued a “buy” rating and a $80.00 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.88.

Etoro Group Stock Down 11.9%

NASDAQ:ETOR opened at $66.96 on Monday. Etoro Group has a fifty-two week low of $57.50 and a fifty-two week high of $79.96.

Etoro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.69 earnings per share (EPS) 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.