These Analysts Increase Their Forecasts On eToro Group After Strong Q1 Results
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eToro Group Ltd (NASDAQ:ETOR) reported strong Q1 earnings, with earnings of 91 cents per share, surpassing estimates of 73 cents. Sales reached $2.439 billion, exceeding the $229.869 million forecast. Following the results, eToro's stock rose 8.3% to $40.74. Analysts raised their price targets: Needham's John Todaro from $58 to $66, Susquehanna's James Friedman from $55 to $57, Keefe, Bruyette & Woods' Chris Allen from $35 to $38, and Citizens' Devin Ryan from $85 to $90. CEO Yoni Assia highlighted product innovations during the quarter.
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