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.

While we acknowledge the potential of ETOR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ETOR and that has 100x upside potential, check out our report about this cheapest AI stock.

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