eToro shares surge 10.06% intraday after Q3 revenue and asset growth, Deutsche Bank upgrades to Buy.

eToro Group surged 10.06% intraday after Deutsche Bank upgraded its stock rating to Buy from Hold and adjusted the price target to $45, while strong Q3 results highlighted revenue and asset growth. The upgrade followed a 25% post-IPO decline, with analysts citing a 16.8x P/E ratio below industry averages as undervalued. Concurrently, the company’s Q3 earnings report underscored improved investor sentiment, reinforcing optimism about its long-term growth potential despite earlier volatility. These developments aligned with renewed buying interest, driving the sharp intraday rally.