Online Trading Platform eToro Stock Hits Record High as Analysts Begin Coverage

Many analysts started the Etoro Group Ltd. on Monday morning after starting coverage of online trading platform with positive comments (Etor) shares increased.

Jefferies “bought” the stock “rating” a target of $ 80 priced at 12 months. Analysts wrote that the company is well deployed to benefit from increasing retail investment globally. ” He noted that the strength of Etoro in the European Union (EU) and the UK markets, with its “differentiated product offer and iconic brand”, put it in a unique position to promote its account base.

UBS launched its coverage with a “neutral” rating and $ 70 price target. Bank’s note for investors, “Global Retail Investors by the Horns”, was a similar phrase, “well deployed well for profit from increasing retail participation in financial markets, which has been intensifying over the years.” Nevertheless, it has been noted that since Etoro is a new public company-it began to do business last month-“still shows that it can execute the product and market expansion, while the near-term results may be unstable.”

City also gave a “neutral” rating, with the price target of $ 72. However, the analysts there also stated that it was a “high risk”, explaining that they “remain creative at the health/flexibility of the retail segment and especially pass on the approach to the European retail,” they also see “as” some challenges. “

Rating News sent to Etoro Group, recently shared up to $ 8% in trading up to $ 74, which had earlier collided with record-high $ 76.75.