Stock Track | eToro Group Soars 5.70% Pre-market Following Susquehanna Upgrade and Price Target Increase

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eToro Group Ltd. (ETOR) shares surged 5.70% in pre-market trading on Wednesday, following a significant upgrade from Susquehanna. The financial services company's stock price movement comes in response to positive analyst sentiment and an increased price target.

Susquehanna analyst James Friedman upgraded eToro from Neutral to Positive, signaling increased confidence in the company's prospects. Additionally, Friedman raised the price target for eToro to $55 from the previous $50, suggesting potential upside for the stock.

The upgrade aligns with the overall positive sentiment among analysts covering eToro. According to FactSet, the company maintains an average rating of overweight, with a mean price target of $61.19. This bullish outlook from multiple analysts may contribute to investor enthusiasm and the stock's pre-market rally. As trading opens, market participants will be watching closely to see if eToro can maintain its upward momentum throughout the session.

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