TD Cowen has raised its 12-month price objective on eToro Group (NASDAQ: ETOR) to $55 from $50 while keeping a Buy rating on the stock. The refreshed target falls within the broader analyst range of $36 to $90, with consensus opinion still leaning toward a Buy recommendation.
The boost to the price target followed the companys fourth-quarter disclosures on February 17. In the wake of that reporting, TD Cowen increased its adjusted earnings-per-share projections for 2026 and 2027. The firm described its stance as incrementally bullish after reviewing both the quarters results and the subsequent post-earnings conference call, noting that the quarter provided additional evidence that the company's messaging and execution are improving.
Market reaction was pronounced: eToros shares rose by roughly 20% on February 17 after the earnings release.
TD Cowen reiterated that, despite the recent appreciation in the share price, it still views eToro as attractively valued at current levels. That valuation view is supported by financial ratios the firm highlighted: the company is currently profitable with a price-to-earnings ratio of 12.84 and reported diluted earnings of $2.27 per share over the past twelve months. TD Cowen also pointed to a strong liquidity position, with a current ratio of 4.3, indicating that liquid assets comfortably exceed short-term obligations.
Investors will have another scheduled data point to consider when eToro reports next: the companys next earnings release is slated for March 26, which TD Cowen suggested could offer further clarity on the firms financial trajectory.
Separately, eToros fourth-quarter results for 2025 were notable for topping expectations. The company posted earnings per share of $0.71, exceeding a forecast of $0.69, and reported revenue of $3.87 billion. Those outcomes prompted Citizens to reaffirm a Market Outperform rating on the shares and to maintain a $90.00 price target. Citizens analyst Devin Ryan emphasized the stronger fourth-quarter performance as a key element in that assessment.
The combination of upgraded multi-year EPS estimates from TD Cowen, a positive near-term technical reaction in the market, and continued endorsement from another research firm frames the current analyst-driven narrative around eToro. The upcoming March 26 reporting date will be an important moment for investors and analysts to reassess momentum and financial guidance.
Data points noted in this report
- TD Cowen price target: raised to $55 from $50; Buy rating maintained.
- Analyst range referenced: $36 to $90; consensus leans Buy.
- eToro trailing diluted EPS: $2.27; P/E ratio: 12.84; current ratio: 4.3.
- Fourth-quarter 2025 EPS: $0.71 versus $0.69 forecast; revenue: $3.87 billion.
- Stock moved approximately 20% on February 17 following Q4 results.
- Next eToro earnings report expected on March 26.