These Analysts Increase Their Forecasts On Etoro After Strong Q2 Results

Benzinga Earnings
08/12

eToro Group Ltd (NASDAQ:ETOR) on Tuesday posted better-than-expected second-quarter financial results.

Etoro Group reported quarterly earnings of 68 cents per share which beat the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $1.593 billion which beat the analyst consensus estimate of $225.656 million.

“We delivered another strong quarter as we continue executing against our long-term strategy,” said Yoni Assia, Co-Founder and CEO of etoro.

The company also announced it will acquire online brokerage TradeZero for up to $231 million, comprising cash and up to 2.5 million of its shares.

etoro Group shares gained 0.6% to $29.50 in pre-market trading.

These analysts made changes to their price targets on etoro Group following earnings announcement.

  • Needham analyst John Todaro maintained the stock with a Buy and lowered the price target from $66 to $53.
  • Cantor Fitzgerald analyst Nathan Frankovitz maintained the stock with an Overweight rating and lowered the price target from $61 to $53.
  • Mizuho analyst Dan Dolev maintained the stock with an Outperform rating and cut the price target from $60 to $52.

Considering buying ETOR stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10