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Investing.com - Jefferies has reduced its price target on eToro Group (NASDAQ:ETOR) to $63.00 from $80.00 while maintaining a Buy rating on the stock. The fintech company, currently trading at $50.74 with a market capitalization of $4.25 billion, has seen its stock approach its 52-week low of $50.00.
The price target adjustment follows eToro’s second-quarter 2025 financial results, which prompted Jefferies to decrease its earnings per share (EPS) estimates for both 2025 and 2026. According to InvestingPro data, four analysts have recently revised their earnings estimates downward for the upcoming period.
Jefferies lowered its 2025 EPS estimate by 2% to $2.42 from $2.47, and reduced its 2026 EPS forecast by 4% to $2.44 from $2.56.
The firm attributed these changes primarily to the flow-through of second-quarter results and higher spending levels across marketing and research and development departments.
Despite the reduced price target, Jefferies noted that trends at the start of the third quarter of 2025 appear strong, with cryptocurrency activity accelerating quarter-over-quarter and growth in interest-earning assets.
In other recent news, eToro Group reported second-quarter earnings per share of 31 cents, falling short of Goldman Sachs’s estimate of 49 cents and consensus expectations of 48 cents. However, eToro’s revenue for the quarter reached $210 million, surpassing consensus expectations of $198 million, as noted by Mizuho. Despite the earnings miss, Goldman Sachs reiterated its Buy rating with a $78 price target, while Jefferies maintained a Buy rating and an $80 price target, highlighting a 14% year-over-year increase in funded accounts to 3.63 million. The growth in funded accounts was attributed to user acquisition and retention efforts, as well as the acquisition of the Australian investing app Spaceship in 2024. Citizens JMP also reiterated its Market Outperform rating with an $85 price target, describing the company’s results as "better than modeled." In addition to financial updates, eToro announced plans to expand its trading hours to 24/5 and introduce tokenized U.S.-listed equities, allowing users to trade outside traditional market hours. This strategic move aims to position the company toward a tokenized future.
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