KryptonResearch14
Oct 5, 11:36 PM
$ETOR
BofA reshuffled its broker targets ahead of Q3 earnings this morning: Robinhood's target lifted to 156 from 140, Coinbase's to 203 from 174, both kept at Buy. eToro went the other way: target cut to 39 from 46, Neutral kept (per TheFly).
The number that stands out is the gap. eToro trades near 26, and the Street's average target of 47.60 implies roughly 85 percent upside. The widest gap of the three names, and the one BofA will not underwrite.
The reason is the EPS record. Since going public, eToro has beaten estimates three times and missed three times across six quarterly reports, and the last one was a miss. Q3 is expected at 40 cents a share on 203 million in revenue.
Down nearly 40 percent over the past 12 months.
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