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Bank of America Securities Reduces PT on eToro Group (ETOR), Keeps a Neutral Rating
Yahoo Financeยท 2025-10-09 14:47
Group 1 - eToro Group Ltd. (NASDAQ:ETOR) is identified as one of the oversold financial stocks to buy according to hedge funds [1] - Bank of America Securities reduced its price target for eToro from $61 to $50 while maintaining a Neutral rating [1][2] - The analyst remains bullish on online brokers in the long term but is cautious in the short term due to high entry points and expectations of lower interest rates [2] Group 2 - eToro outperformed Wall Street's revenue estimates in the fiscal second quarter of 2025, reporting revenue of $209.63 million, exceeding estimates by $14.93 million [3] - The company's earnings per share (EPS) of $0.31 fell short of consensus estimates by $0.20 [3] - eToro operates a social investment platform that allows users to view and interact with other investors' portfolios and ideas [3]