The Goldman Sachs Group Begins Coverage on Etoro Group (NASDAQ:ETOR)

The Goldman Sachs Group assumed coverage on shares of Etoro Group (NASDAQ:ETOR) in a research note released on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $76.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group assumed coverage on shares of Etoro Group in a report on Monday. They issued a “buy” rating and a $78.00 target price for the company. Wall Street Zen raised Etoro Group to a “hold” rating in a research report on Tuesday, May 27th. Finally, Needham & Company LLC started coverage on Etoro Group in a report on Monday. They set a “buy” rating and a $80.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Etoro Group has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Etoro Group Price Performance

Shares of ETOR opened at $62.96 on Monday. Etoro Group has a 1-year low of $57.50 and a 1-year high of $79.96.

Etoro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.76 billion during 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.