Latest news with #CopyTrader
CNBC
09-06-2025
- Business
- CNBC
Wall Street loves this recent IPO with one analyst calling it the ‘social network trading platform'
Wall Street is extremely bullish on stock trading platform eToro , with analysts estimating the stock could rise between 11% and 24% from here. Israel-based eToro went public on May 15 , with its initial public offering price at $52 per share, above the high end of its proposed range. The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. Shares surged more than 5% on Monday to hit a fresh 52-week high. The overwhelming positive sentiment from Wall Street has rewarded the company's decision to go public after a lengthy dry spell for IPOs. "We felt that we're seeing the light at the end of the tunnel of the correction in the markets," CEO Yoni Assia said in an interview with CNBC. Here's what analysts at some of the biggest shops on Wall Street had to say on the IPO. Goldman Sachs initiates coverage at buy rating and 12-month price target of $76 per share Analyst James Yaro's target implies nearly 11% upside from eToro's Friday closing price of $68.70 per share. "We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering; and 3) CopyTrader, which is both a loss mitigation tool, and a tool to facilitate social trading, which many younger investors want — these combined factors have driven ~5.5pp of share gains since 2019." Canaccord Genuity initiates coverage at buy rating, $78 per share price target Canaccord Genuity's target calls for almost 14% upside going forward. "We view eToro as a clear share gainer in retail trading/investing. We also believe the short to medium term here is ripe with catalysts, including a big push into the US market, and the potential for crypto to move more towards becoming a mainstream asset class." Needham initiates coverage of eToro as a buy, sets price target of $80 per share The investment firm called eToro "the social network trading platform," while its price target is 16% above the stock's Friday closing price. "We believe eToro's strength is in its 'social trading aspect' which is driving higher monetization per funded account. We see an opportunity to grow funded accounts by converting registered users, and through new expansion opportunities in Asia and U.S." Jefferies sets buy rating, $80 per share price target "eToro is well-positioned to benefit from the growing adoption of retail investing globally. With leading retail market share in markets like the EU and UK, combined with a differentiated product offering and distinguished brand, we believe eToro is uniquely positioned to continue to grow its account base organically at +10% y/y." Mizuho initiates coverage at outperform rating and $80 per share price target "With 3.5mn funded accounts across a global footprint of 75 countries, ETOR focuses on disrupting legacy institutions both globally and in the U.S. by providing both investing tools and learning resources. Key medium-term catalysts include: growing retail participation in Europe (~70% of ETOR revenue); Gen Z is beginning to trade earlier in life than prior generations and has an affinity for viral social trading apps like ETOR; a pending, estimated $80tn generational wealth transfer; and opportunity to grow in the U.S. and Asia, where retail trading is popular. ETOR enjoys several key competitive advantages. It has a set of viral features like social trading (use of influences), copy trading (mimics successful investor portfolios), and AI-driven smart portfolios offering retail investors thematic/strategy-based trading." TD Cowen initiates coverage at buy rating, $80 price target "We see ETOR as an attractive play on the global rise of retail and crypto adoption, strong [revenue per user], ad spend [return on investment] + client [margin on client assets] metrics. While low float may make ETOR bumpy, we see favorable catalysts ahead." Cantor Fitzgerald initiates coverage at overweight and price target of $84 per share Analyst Brett Knoblauch's target equates to 22% upside. "We have ETOR trading at 26.5x 2025 P/E, which we believe is a reasonable entry point for a business that we believe can compound earnings at a 15% [compound annual growth rate] over the next two years, with the potential for upside coming from our relatively conservative revenue growth expectations (8.8% CAGR). Combining ETOR's valuation, numerous growth vectors (new markets, greater market share, generational wealth transfer, and new products), we believe risk/reward at current levels to be favorable." Citizens sets market outperform rating and $85 per share price target "The company is scaling its core offerings and exploring new financial services through organic growth and potential M & A. With a compelling valuation and untapped market opportunities, we believe eToro is well-positioned to capture share of the expanding retail investing market." — CNBC's Michael Bloom contributed to this report.
Business Insider
09-06-2025
- Business
- Business Insider
eToro initiated with a Buy at Goldman Sachs
Goldman Sachs analyst James Yaro initiated coverage of eToro (ETOR) with a Buy rating and $76 price target implying 21% upside. The firm sees eToro as an attractive market share gain story in the 'fragmented' European retail brokerage market. The company has a 'differentiated' offering verses peers, in terms of geographic and product breadth, the analyst tells investors in a research note. Goldman believes CopyTrader is both a loss mitigation tool and a tool to facilitate social trading, 'which many younger investors want.' Confident Investing Starts Here:
Yahoo
07-06-2025
- Business
- Yahoo
Xi Has 'Bowed To Reality,' Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: 'No Substitute For Direct Negotiations With Trump'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As U.S. President Donald Trump and Chinese President Xi Jinping break the ice with a phone call after months of silence, analysts weigh in on what's in store for the U.S.-China trade. What Happened: The U.S. and China have been at odds over trade for a considerable period. The call signifies some advancement in establishing ground rules for a potential meeting. Jeremy Chan, Senior China Analyst at the Eurasia Group consultancy, stated that this communication suggests a level of respect from President Trump towards President Xi, reported The South China Morning Post. Trending: Start investing with eToro's CopyTrader — . However, analysts have noted that more than optimistic statements are required to resolve the deeply rooted trade differences between the two nations. Chan further noted that Xi typically consents to meetings with foreign leaders only after substantial groundwork has been laid through lower-level diplomatic efforts. "Xi has bowed to reality, like so many other foreign leaders before him, that there is no substitute for direct negotiations with Trump," stated Chan, who is also a former U.S. diplomat. On the other hand, ASPI's Wendy Cutler highlighted the complexity of the upcoming trade talks and the challenges. "The likelihood of further misunderstandings, coupled with a fundamental lack of trust, will present enormous challenges for the negotiators as they try to hammer out a deal," cautioned It Matters: This phone call comes in the wake of escalating trade tensions between the two countries. On Thursday, U.S. stocks dipped following reports of a phone call between Presidents Donald Trump and Xi Jinping, signaling a possible thaw in China trade tensions. The outreach was said to have come from the U.S. side, as per CNBC, citing Chinese state media. Earlier in May, President Trump had expressed his willingness to travel to China to meet with President Xi Jinping, emphasizing the importance of the U.S.-China relationship. In early May, the South China Morning Post reported that the U.S. and China are struggling to resume trade talks. China suggested using special envoys, but the U.S. prefers direct talks between Trump and Xi—a move China considers 'risky and uncertain.' This latest phone call could be seen as a step towards that potential meeting, and a move towards resolving the trade disputes. Baidu Inc (NASDAQ:BIDU) and Alibaba Group Holding Ltd – ADR (NYSE:BABA) climbed 1.13% and 0.43%, respectively, on Thursday. Meanwhile, Inc. (NASDAQ:JD) declined 0.72% Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Image via Shutterstock This article Xi Has 'Bowed To Reality,' Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: 'No Substitute For Direct Negotiations With Trump' originally appeared on
Yahoo
07-06-2025
- Business
- Yahoo
Trump Is Pleased Because He Finally Agrees With Elizabeth Warren On Something: Scrap The Debt Limit To Prevent An 'Economic Catastrophe'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump endorsed abolishing the federal debt limit, unexpectedly siding with long-time critic Sen. Elizabeth Warren (D-Mass.) as Congress races to keep the government from hitting its $37 trillion borrowing cap. What Happened: Trump on Wednesday urged Congress to "entirely scrap" the nation's debt limit, echoing a call Warren issued last week. The president said, in a Truth Social post, that leaving the cap in place hands "economic catastrophe" to politicians who weaponize every vote. Warren posted a similar message on May 30, warning that failure to act would "prevent an economic catastrophe." Trending: Start investing with eToro's CopyTrader — . Screenshot From President Donald Trump's Truth Social Account Treasury Secretary Scott Bessent has told lawmakers the government could exhaust its borrowing authority by August, intensifying a partisan clash over Trump's 1,100-page tax-and-spending plan, which already includes a debt-limit increase. The Congressional Budget Office estimates that package would swell federal deficits by $2.4 trillion over 10 years — a projection Warren blasted even as she embraced Trump's call to kill the It Matters: The unusual alignment between Trump and Warren follows years of barbs — Trump once mocked Warren as "Pocahontas" over her Native-American ancestry claims. At the same time, Warren has labeled his economic agenda "textbook corruption." Their latest spat flared again on Tuesday when Warren warned Trump that his 'One Big Beautiful Bill' could fuel rising rents and violate Senate procedural rules. While Trump and Warren now agree on abolishing the limit, they diverge on his broader package. Warren argues it favors the wealthy and piles on debt, citing CBO data. On the other hand, Trump insists the measure delivers growth via tax relief, spending trims, and border security funding. House and Senate leaders must decide whether to keep the limit-scrapping provision in Trump's omnibus bill or stage a separate vote. A failure to strike a deal before August would force the Treasury to deploy "extraordinary measures" — an expensive stop-gap both parties say they want to avoid. Read next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo courtesy: / This article Trump Is Pleased Because He Finally Agrees With Elizabeth Warren On Something: Scrap The Debt Limit To Prevent An 'Economic Catastrophe' originally appeared on
Yahoo
06-06-2025
- Business
- Yahoo
Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, predicts a substantial market rally despite widespread investor skepticism as the S&P 500, tracked by SPDR S&P 500 (NYSE:SPY), trades within 2% of all-time highs. What Happened: Lee wrote on X that 'This remains one of the 'most hated' V-shaped rallies and yet we are within 2% of all-time highs.' He cited short positioning, bear sentiment, and improving macro conditions as catalysts for a possible 'face-ripper rally.' The S&P 500, closed at 5,970.37 on Tuesday, up 0.58%, while the Nasdaq-100 gained 0.79% to 21,662.58. The benchmark index reached an all-time high of 6,152.87 in February. Trending: Start investing with eToro's CopyTrader — . Speaking on CNBC, Lee emphasized the disconnect between market performance and investor sentiment. 'You'd think that with the S&P doing well this week and a great May investors are bullish. They are not,' Lee said. 'In our calls and zooms with portfolio managers many are still cautious because they see tariff risks ahead.' Lee highlighted technical indicators supporting further upside. 'Given the amount of cash on the sidelines, the fact that short interest is going up and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg up rally from here,' he stated. Why It Matters: Regarding tariff concerns, Lee downplayed their economic impact. He estimates a 10% tariff rate would create roughly a 1% GDP effect, comparing it to oil moving from $40 to $80. 'We wouldn't say $80 oil breaks the economy anymore,' Lee noted. The Fundstrat strategist expects the Federal Reserve to remain dovish through 2026 as housing prices decline and deliver deflationary pressure. Housing represented 75% of inflation increases since 2019, according to Lee's analysis. For sector positioning, Lee favors the Magnificent Seven technology stocks alongside financials, industrials, and small caps for the second half of 2025. He views the MAG 7 as 'the first to peak, the first to bottom' during recent market volatility. Lee's bullish outlook contrasts with mounting concerns from JPMorgan Chase Inc. CEO Jamie Dimon and others about potential bond market instability amid rising federal deficits and elevated long-term Treasury yields. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Image Via Shutterstock This article Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge originally appeared on
