Latest news with #JamesYaro
Business Insider
2 days ago
- Business
- Business Insider
Robinhood price target raised to $82 from $81 at Goldman Sachs
Goldman Sachs analyst James Yaro raised the firm's price target on Robinhood (HOOD) to $82 from $81 and keeps a Buy rating on the shares after the company reported its complete May monthly metrics. The final data saw trading volumes even stronger than preliminary results, while the company also saw continued growth of total platform assets, the analyst tells investors in a research note. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
CNBC
4 days ago
- Business
- CNBC
Wall Street loves this recent IPO with one analyst calling it the ‘social network trading platform'
Wall Street is extremely bullish on stock trading platform eToro , with analysts estimating the stock could rise between 11% and 24% from here. Israel-based eToro went public on May 15 , with its initial public offering price at $52 per share, above the high end of its proposed range. The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. Shares surged more than 5% on Monday to hit a fresh 52-week high. The overwhelming positive sentiment from Wall Street has rewarded the company's decision to go public after a lengthy dry spell for IPOs. "We felt that we're seeing the light at the end of the tunnel of the correction in the markets," CEO Yoni Assia said in an interview with CNBC. Here's what analysts at some of the biggest shops on Wall Street had to say on the IPO. Goldman Sachs initiates coverage at buy rating and 12-month price target of $76 per share Analyst James Yaro's target implies nearly 11% upside from eToro's Friday closing price of $68.70 per share. "We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering; and 3) CopyTrader, which is both a loss mitigation tool, and a tool to facilitate social trading, which many younger investors want — these combined factors have driven ~5.5pp of share gains since 2019." Canaccord Genuity initiates coverage at buy rating, $78 per share price target Canaccord Genuity's target calls for almost 14% upside going forward. "We view eToro as a clear share gainer in retail trading/investing. We also believe the short to medium term here is ripe with catalysts, including a big push into the US market, and the potential for crypto to move more towards becoming a mainstream asset class." Needham initiates coverage of eToro as a buy, sets price target of $80 per share The investment firm called eToro "the social network trading platform," while its price target is 16% above the stock's Friday closing price. "We believe eToro's strength is in its 'social trading aspect' which is driving higher monetization per funded account. We see an opportunity to grow funded accounts by converting registered users, and through new expansion opportunities in Asia and U.S." Jefferies sets buy rating, $80 per share price target "eToro is well-positioned to benefit from the growing adoption of retail investing globally. With leading retail market share in markets like the EU and UK, combined with a differentiated product offering and distinguished brand, we believe eToro is uniquely positioned to continue to grow its account base organically at +10% y/y." Mizuho initiates coverage at outperform rating and $80 per share price target "With 3.5mn funded accounts across a global footprint of 75 countries, ETOR focuses on disrupting legacy institutions both globally and in the U.S. by providing both investing tools and learning resources. Key medium-term catalysts include: growing retail participation in Europe (~70% of ETOR revenue); Gen Z is beginning to trade earlier in life than prior generations and has an affinity for viral social trading apps like ETOR; a pending, estimated $80tn generational wealth transfer; and opportunity to grow in the U.S. and Asia, where retail trading is popular. ETOR enjoys several key competitive advantages. It has a set of viral features like social trading (use of influences), copy trading (mimics successful investor portfolios), and AI-driven smart portfolios offering retail investors thematic/strategy-based trading." TD Cowen initiates coverage at buy rating, $80 price target "We see ETOR as an attractive play on the global rise of retail and crypto adoption, strong [revenue per user], ad spend [return on investment] + client [margin on client assets] metrics. While low float may make ETOR bumpy, we see favorable catalysts ahead." Cantor Fitzgerald initiates coverage at overweight and price target of $84 per share Analyst Brett Knoblauch's target equates to 22% upside. "We have ETOR trading at 26.5x 2025 P/E, which we believe is a reasonable entry point for a business that we believe can compound earnings at a 15% [compound annual growth rate] over the next two years, with the potential for upside coming from our relatively conservative revenue growth expectations (8.8% CAGR). Combining ETOR's valuation, numerous growth vectors (new markets, greater market share, generational wealth transfer, and new products), we believe risk/reward at current levels to be favorable." Citizens sets market outperform rating and $85 per share price target "The company is scaling its core offerings and exploring new financial services through organic growth and potential M & A. With a compelling valuation and untapped market opportunities, we believe eToro is well-positioned to capture share of the expanding retail investing market." — CNBC's Michael Bloom contributed to this report.
Business Insider
5 days ago
- Business
- Business Insider
eToro initiated with a Buy at Goldman Sachs
Goldman Sachs analyst James Yaro initiated coverage of eToro (ETOR) with a Buy rating and $76 price target implying 21% upside. The firm sees eToro as an attractive market share gain story in the 'fragmented' European retail brokerage market. The company has a 'differentiated' offering verses peers, in terms of geographic and product breadth, the analyst tells investors in a research note. Goldman believes CopyTrader is both a loss mitigation tool and a tool to facilitate social trading, 'which many younger investors want.' Confident Investing Starts Here:
Business Insider
01-05-2025
- Business
- Business Insider
Evercore price target raised to $234 from $214 at Goldman Sachs
Goldman Sachs analyst James Yaro raised the firm's price target on Evercore (EVR) to $234 from $214 and keeps a Buy rating on the shares after its Q1 earnings beat. This quarter evidenced a higher level of durable, non-M&A revenue than many investors had previously contemplated thanks to the company's investments into secondaries, restructuring, capital markets, and equities trading, the analyst tells investors in a research note. Protect Your Portfolio Against Market Uncertainty
Yahoo
20-03-2025
- Business
- Yahoo
Goldman Sachs sees balanced risk-reward for Coinbase shares at current levels
-- Goldman Sachs assumed coverage of Coinbase Global (NASDAQ:COIN) shares with a Neutral rating and a price target of $195, implying a slight upside from the current levels. The bank's analysts said they are 'cautiously optimistic' on Coinbase shares, but highlight 'a balance of upside and downside risks.' They acknowledged the company's potential for growth driven by higher cryptocurrency prices since 2023 and possible regulatory reforms in the U.S. that could spur wider crypto adoption. At the same time, there are risks, such as a roughly 15% decline in cryptocurrency prices year-to-date that could undermine Coinbase's recent growth. Longer-term, Goldman points out that regulatory changes could invite more competition in the financial services sector, potentially impacting Coinbase's market share and pricing. 'We expect sustainable profitability and margins remaining close to those of its peers over time,' analysts led by James Yaro said in a note. Revenue and adjusted earnings growth are projected at 11% and -2% per annum, respectively, from 2024 to 2027, compared to 8% and 5% growth for peers in the exchange, broker, and fintech sectors. The analysts also expect Coinbase's revenue per asset to increase by about 10% from 2024 to 2027, mirroring the trend between 2022 and 2024. Goldman Sachs' estimates for Coinbase's 2025-2027 revenue are 2-3% below the Visible Alpha consensus, which the firm attributes to the lagging impact of lower crypto prices on forecasts. Coinbase shares are trading close to the peer mean P/E across exchanges, brokers, and fintechs, which the Wall Street firm believes 'is close to fair value, given our balanced outlook, and modest forecasted downside to earnings.' Related Articles Goldman Sachs sees balanced risk-reward for Coinbase shares at current levels Amazon to sell carbon credits to suppliers, customers Oppenheimer starts Cloudflare at outperform, Fastly at perform
