Etoro Group Ltd.: Needham raises target price to $55 from $53

eToro Group Ltd. (NASDAQ:ETOR) has seen a recent adjustment in its target price by analysts at Needham & Company LLC, who raised their price target from $53.00 to $55.00 in a research report issued on Wednesday, August 12, 2026. The brokerage maintains a "buy" rating on the stock, indicating confidence in its long-term potential. The updated target price implies an estimated upside of approximately 88.79% from the stock’s previous closing price.

This adjustment follows a series of analyst actions over the past several months. On May 13, 2026, Citizens Jmp raised its target price to $90.00, while Goldman Sachs increased its target to $43.00 on May 28, 2026. Canaccord Genuity reaffirmed a "buy" rating with a $65.00 target price on June 9, 2026. The stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

eToro Group reported Q2 earnings on August 11, 2026, with adjusted diluted earnings of $0.68 per share, exceeding the $0.61 consensus estimate. Quarterly revenue was reported at $1.59 billion, though this represents a 23.9% decline compared to the same period in 2025. The company also announced plans to acquire TradeZero for up to $231 million, a U.S.-based online brokerage. While the acquisition is expected to enhance eToro’s U.S. presence, it has introduced short-term uncertainty for investors.

Shares of eToro Group opened at $29.33 on August 12, 2026, with a 52-week range of $24.74 to $56.48. The stock has a market capitalization of $2.43 billion and a beta of 1.68, indicating higher volatility relative to the broader market.