
ETOR Stock Forecast & Price Target
ETOR Analyst Ratings
Bulls say
Etoro Group Ltd has demonstrated robust growth metrics, evidenced by a record 53% year-over-year increase in ECC activity, reaching 61.7 million trades in October. The company reported a net contribution of $215 million in Q3, a 28% increase from the previous year, alongside a significant rise in net income, which grew 48% year-over-year to $57 million, primarily driven by higher trading activity. Additionally, strong performance in assets under administration, which rose to $20.5 billion in October—an impressive 73% increase year-over-year—alongside a 116% growth in total money transfers, underscores the positive momentum in Etoro Group's operations.
Bears say
Etoro Group Ltd faces a negative outlook primarily due to anticipated declines in crypto trading volumes, compounded by the cooling of crypto asset prices and overall industry activity, particularly observed in early November. The company's reliance on crypto trading is highlighted by the potential for decreased market engagement, anticipated declines in daily average revenue trades (DARTS), and stagnating average revenue per user (ARPU). Additionally, losing market share to competitors poses a significant risk to Etoro's business, further undermining its financial stability and growth prospects.
This aggregate rating is based on analysts' research of Etoro Group Ltd and is not a guaranteed prediction by Public.com or investment advice.
ETOR Analyst Forecast & Price Prediction
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