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Stock impact report

Why eToro Group Stock Rocketed 9% Higher on Tuesday [Yahoo! Finance]

eToro Group Ltd. - Class A Common Shares (ETOR) 
Company Research Source: Yahoo! Finance
10 stocks we like better than eToro Group › eToro Group (NASDAQ: ETOR) was the subject of several analyst updates on Tuesday, and investors were clearly taken with the more bullish ones. That's because the stock raced to close over 9% higher on the day, easily trouncing the 0.2% increase of the benchmark S&P 500 index. An upgrade lifted sentiment By my count, four prognosticators weighed in with new takes on eToro. This was hardly surprising, as the fintech published its third-quarter earnings report Monday morning. Image source: Getty Images. Of the quartet, the analysis that seemed to have the most impact on the stock was authored by Deutsche Bank 's Brian Bedell. In the note, Bedell upgraded his eToro recommendation to buy from hold, in the process adding $1 per share to his price target for a new level of $45. According to reports, the analyst considers the shares to be oversold, given their over-25% slide since the company's initial public offering (IPO) in May. This Show less Read more
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