eToro shares jump as record quarter drives analyst upgrades
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eToro reported its strongest quarter as a public company, with net income rising 37% and adjusted EBITDA increasing 35%, driven by commodities trading. Following this earnings beat, analysts from Needham, Susquehanna, and Citizens raised their price targets, with the highest reaching $90. The company plans to launch U.S. commodities trading within nine months and increase marketing expenditure to 25% of net contribution.
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