Goldman Sachs Downgrades eToro to Neutral, Cuts Price Target to $39

Goldman Sachs has downgraded eToro Group (ETOR) to a “neutral” rating from “buy,” citing intensifying competition and rising cost pressures across the company’s core markets. Alongside the rating change, Goldman lowered its 12-month price target to $39 per share, down from $48. source: https://www.ethnews.com/goldman-sachs-downgrades-etoro-to-neutral-cuts-price-target-to-39/