eToro initiated with a Market Perform at Keefe Bruyette

Keefe Bruyette initiated coverage of eToro (ETOR) with a Market Perform rating and $65 price target eToro provides investors with exposure to attractive secular themes, notably rising self-directed retail participation internationally, the analyst tells investors in a research note. The firm expects the company to ramp growth in the U.S. market with wider product breadth, but believes its valuation is capturing this growth.