Etoro Group (NASDAQ:ETOR) Now Covered by Analysts at Needham & Company LLC

Investment analysts at Needham & Company LLC initiated coverage on shares of Etoro Group (NASDAQ:ETOR) in a report released on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $80.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 19.47% from the stock’s current price.

Several other analysts have also issued reports on ETOR. Canaccord Genuity Group began coverage on shares of Etoro Group in a research report on Monday. They issued a “buy” rating and a $78.00 price target on the stock. Wall Street Zen raised Etoro Group to a “hold” rating in a research report on Tuesday, May 27th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.88.

Etoro Group Stock Down 11.9%

ETOR opened at $66.96 on Monday. Etoro Group has a 12-month low of $57.50 and a 12-month high of $79.96.

Etoro Group (NASDAQ:ETOR) last announced 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.