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eToro (ETOR) Receives a Buy from Canaccord Genuity
In a report released today, Joseph Vafi from Canaccord Genuity maintained a Buy rating on eToro, with a price target of $78.00.
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According to TipRanks, Vafi is a 5-star analyst with an average return of 31.2% and a 49.02% success rate. Vafi covers the Technology sector, focusing on stocks such as Strategy, Blend Labs, and Circle Internet Group, Inc. Class A.
In addition to Canaccord Genuity, eToro also received a Buy from Deutsche Bank ‘s Brian Bedell in a report issued today. However, on the same day, Citi maintained a Hold rating on eToro (NASDAQ: ETOR).
Based on eToro’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.09 billion and a net profit of $30.19 million.
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