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Brokerages initiate coverage on trading platform eToro as quiet period winds down

ReutersJun 9, 2025 11:57 AM
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Retail trading platform eToro Group's <ETOR.O> shares rise 3.30% to $70.78 premarket

At least seven brokerages start coverage of Israel-based ETOR as the mandatory quiet period ends, with broadly bullish views albeit with some risks

Israel-based ETOR and some existing shareholders raised $620 million through an upsized IPO in May, selling 11.92 million shares at $52 each

ETOR shares surged 34% above their offer price in last month's Nasdaq debut, opening at $69.69, compared to their $52 IPO price

"While we see substantial long-term growth opportunities via ETOR's highly differentiated and appealing social trading & investing platform, we also see some risks to this growth from rising competition and any changes in pace of adoption of its social investing platform globally, and in the future, in the U.S." - Deutsche Bank

Goldman Sachs, UBS, Jefferies and Citigroup led a 16-firm underwriting syndicate for the offering

Below are some of the ratings and price targets on ETOR

Brokerage

Rating

Price Target

Citigroup

Neutral

$72

Deutsche Bank

Hold

$70

KBW

Market Perform

$65

Mizuho

Outperform

$80

TD Cowen

Buy

$80

Needham

Buy

$80

Susquehanna

Neutral

$70

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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