AiCoin
AiCoin|Sep 16, 2026 04:40
[Goldman Sachs Lowers eToro Target Price to $34] Goldman Sachs' research report indicates that eToro's crypto trading volume in August reached 5.3 million transactions, a month-on-month increase of 280%. ECC transactions totaled 52 million, with total commissions amounting to $42.8 million. Net new accounts increased by 40,000, bringing the total number of accounts to 4.3 million, and assets under management reached $20.2 billion. Goldman Sachs has lowered eToro's target price from $36 to $34, with the current price at $30.35. While crypto trading has strengthened, ECC transactions and eToro Money transfers were weaker than expected, leading Goldman Sachs to revise down its net contribution forecasts for 2027 and 2028.
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