Rating Upgrade Sparks eToro (ETOR) Jump by Double Digits

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where eToro Group Ltd. (NASDAQ:ETOR) stands against other stocks that stunned Wall Street on Monday.

eToro grew its share prices by 10.58 percent to close at $75.97 apiece, as investor sentiment was boosted by a rating upgrade from an investment firm.

In its first coverage, Jefferies gave a “buy” recommendation on stocks of eToro Group Ltd. (NASDAQ:ETOR) with a price target of $80 apiece, representing a 5.3-percent upside from its latest closing price.

Jefferies said it was confident that eToro Group Ltd. (NASDAQ:ETOR) is “well-positioned to benefit from the growing adoption of retail investing globally.”

Jefferies also noted the company’s strength in the European Union and the UK markets, given its various product offerings and distinguished brand.

Meanwhile, two other investment firms turned conservative about the trading platform operator’s stock.

UBS initiated coverage with a “neutral” stand and a price target of $70, representing a 7.8-percent downside from the firm’s closing price.

Citi, for its part, was also “neutral,” giving eToro Group Ltd. (NASDAQ:ETOR) a price target of $72, or 5.2 percent lower than its closing price on Monday.

Overall, ETOR ranks 10th on our list of stocks that stunned Wall Street on Monday. While we acknowledge the potential of ETOR as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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