eToro Group

ETOR · NASDAQ

$23.92−$0.38 (−1.56%)TodayMarket closed · Oct 23, 7:38 PM ET

Prev close $24.30

ETOR analyst rating

BuyConsensus of 15 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy10
Hold5
Underperform0
Sell0

12-month price target · 17 analysts

Average $44.57 (+86.3% upside)

Low: $27.77
Now: $23.92
High: $78.75

Upgrades and downgrades

The latest rating actions, newest first

ETOR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Oct 21, 2026	Maintains	Buy	$55.00 → $54.00	48%
Canaccord Genuity	Oct 19, 2026	Maintains	Buy	$53.00 → $47.00	48%
Keybanc	Oct 16, 2026	Maintains	Overweight	$45.00 → $40.00	50%
Susquehanna	Oct 13, 2026	Maintains	Positive	$51.00 → $46.00	42%
TD Cowen	Oct 12, 2026	Maintains	Buy	$35.00 → $33.00	53%
Citizens	Oct 9, 2026	Maintains	Market Outperform	$90.00 → $75.00	64%
Mizuho	Sep 18, 2026	Maintains	Outperform	$52.00 → $43.00	46%
Canaccord Genuity	Sep 15, 2026	Maintains	Buy	$53.00	48%
Goldman Sachs	Sep 9, 2026	Maintains	Neutral	$32.00 → $36.00	50%
Keybanc	Sep 1, 2026	Initiates	Overweight	$45.00	50%

The case for and against

Updated Oct 21, 2026

Bull case

Etoro Group is attractive because it combines organic funded account growth in the LDD+ range with a multi-asset platform that is broadening across equities, cryptoassets, commodities, currencies, options, AI-driven investing, and 24/7 trading, which should support AUA and share-of-wallet gains. Its financial profile also appears compelling, with mid-30s+ EBITDA margins, expected 11% net contribution CAGR, 15% adjusted EBITDA CAGR, 20% EPS CAGR, and roughly 408-410 bps of margin expansion from FY25-FY28, while valuation still sits well below the peer group at about 13x FY26 EPS and 5x FY26 EBITDA. Further upside comes from geographic expansion and accretive M&A, including TradeZero and earlier 2026 acquisitions, which strengthen the US active-trader push, add revenue diversification, and enhance capital allocation flexibility through notable net cash.

Bear case

Etoro Group is facing a negative fundamental setup because larger, better-capitalized competitors are eroding its differentiation, pressuring funded account growth, share of wallet, and pricing power across both core trading and adjacent products. The company’s monetization remains highly exposed to volatile market activity, and recent data show that 2Q26 adjusted EBITDA margin fell to 34.1%, free cash flow was about $37m versus $88m of buybacks, and July crypto volume dropped 64.1% m/m while AUA declined from $19.2bn to $18.5bn. At the same time, slower product expansion, weaker marketing ROI, regulatory uncertainty, and soft crypto take rates below 1% reinforce the view that growth and operating leverage may remain under pressure.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.