Bank of America Securities Reduces PT on eToro Group (ETOR), Keeps a Neutral Rating

​eToro Group Ltd. (NASDAQ:ETOR) is one of the Oversold Financial Stocks to Buy According to Hedge Funds. On October 1, Craig Siegenthaler from Bank of America Securities reduced the firm’s price target on eToro Group Ltd. (NASDAQ:ETOR) from $61 to $50, while keeping a Neutral rating on the stock.

​The analyst noted that they remain bullish on the online brokers in the long term, supported by multiple factors. However, they are less bullish in the short term due to an expensive entry point in the sector and expectations of lower interest rates. The firm sees the fiscal third quarter to be a good quarter for 2 brokers; however, it noted that the expectations are high for the sector.

​eToro Group Ltd. (NASDAQ:ETOR) outperformed Wall Street’s revenue estimates during the fiscal second quarter of 2025. The company delivered a revenue of $209.63 million, which topped estimates by $14.93 million. The EPS of $0.31, however, fell short of the consensus by $0.20.

​eToro Group Ltd. (NASDAQ:ETOR) operates a social investment platform where users can view and interact with other investors’ portfolios and ideas.

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Disclosure: None. This article is originally published at Insider Monkey.