Mizuho Initiates Coverage on Etoro Group (NASDAQ:ETOR)

Equities research analysts at Mizuho began coverage on shares of Etoro Group (NASDAQ:ETOR - Get Free Report) in a research report issued on Monday, MarketBeat reports. The brokerage set an "outperform" rating and a $80.00 price target on the stock. Mizuho's price objective indicates a potential upside of 24.67% from the company's current price.

Several other brokerages have also recently issued reports on ETOR. Keefe, Bruyette & Woods assumed coverage on shares of Etoro Group in a report on Monday. They issued a "market perform" rating and a $65.00 target price on the stock. Wall Street Zen upgraded shares of Etoro Group to a "hold" rating in a research report on Tuesday, May 27th. Needham & Company LLC initiated coverage on shares of Etoro Group in a report on Monday. They set a "buy" rating and a $80.00 target price for the company. UBS Group began coverage on Etoro Group in a research note on Monday. They issued a "neutral" rating and a $70.00 target price on the stock. Finally, Susquehanna started coverage on Etoro Group in a research report on Monday. They set a "neutral" rating and a $70.00 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

Etoro Group Stock Up 1.9%

Shares of ETOR stock traded up $1.21 on Monday, hitting $64.17. 1,273,429 shares of the company's stock traded hands, compared to its average volume of 1,821,352. Etoro Group has a one year low of $57.50 and a one year high of $79.96.

Etoro Group (NASDAQ:ETOR - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter. The company had revenue of $3.76 billion 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.