Intel stock spikes after report of possible US government stake
Investing.com - Jefferies maintained its Buy rating and $80.00 price target on eToro Group (NASDAQ:ETOR) following strong second-quarter results showing growth across key metrics. The stock, currently trading near its 52-week low of $52.88, has seen a 17.46% decline year-to-date, suggesting potential upside according to InvestingPro analysis.
eToro’s funded accounts increased 14% year-over-year to 3.63 million, up 1.4% from the first quarter of 2025. This growth stemmed from user acquisition and retention initiatives, along with contributions from the company’s acquisition of Australian investing app Spaceship in 2024.
Assets under administration (AUA) surged 55% year-over-year to $17.5 billion, representing an 18% increase from the previous quarter’s $14.8 billion. The growth was attributed to market gains in equities and crypto assets, combined with robust customer inflows.
Equities rose 23% quarter-over-quarter to $7.9 billion, while crypto assets increased 16%. Cash holdings grew 11% to $3.1 billion, though interest-earning assets slightly declined to $6.3 billion from $6.4 billion at the end of March 2025.
During the quarter, eToro expanded its product offerings across trading, investing, wealth management, and neo-banking segments, introducing AI capabilities, tokenization features, savings products, and eToro money services. The company also launched 24/5 trading for 100 US equities and tokenization of US-listed stocks.
In other recent news, eToro Group reported strong second-quarter revenue of $210 million, surpassing the consensus expectation of $198 million. Mizuho (NYSE:MFG) has maintained its Outperform rating on eToro stock with an $80 price target, reflecting confidence in the company’s financial performance. Additionally, eToro has announced a significant expansion of its trading services, introducing 24/5 trading for 100 popular U.S.-listed stocks and ETFs, and plans to offer tokenized U.S.-listed equities on the Ethereum blockchain. This strategic move aligns with eToro’s vision of a tokenized future. Furthermore, the company has secured a $250 million revolving credit facility to support its growth objectives, which remains undrawn at this time. Canaccord Genuity also reiterated a Buy rating with a $78 price target, citing eToro’s growth potential post-IPO. eToro plans to host a webinar titled "eToro Unlocked: Trade Without Boundaries," led by Co-founder and CEO Yoni Assia, to discuss recent product updates and future features. These developments highlight eToro’s ongoing efforts to enhance its platform and financial stability.
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