etoro registers 74% Y/Y drop in net income in Q3 2026

Vanta to acquire Pillar Security for $150M to expand AI cybersecurity. EXL acquires Aimpoint Digital, adding 250 AI specialists. eToro to acquire LB Finanzas, expanding in Latin America. All deals aim to enhance AI and fintech capabilities.

eToro agreed to acquire LB Finanzas, an Argentine financial app, to expand its Latin American presence. LB Finanzas offers stocks, ETFs, crypto, and payment services to hundreds of thousands of users. This is eToro's fourth acquisition in 2026, following deals for Zengo, Bit2C, and TradeZero. The deal is subject to closing conditions.

Moneyfarm rejected a takeover offer from eToro Group, which reportedly valued the company at €250M-€300M, according to sources familiar with the matter.

Citizens reduced its price target for eToro Group (NASDAQ:ETOR) to $75 from $90, citing a lower valuation multiple and discounted cash flow analysis. The stock is near its 52-week low at $25.26. Despite recent growth in funded accounts and assets under administration, other firms like Mizuho and BofA Securities have also lowered their price targets. eToro's management is seen as strong, and the company has significant excess capital.

Bank of America raised price targets for Robinhood (HOOD) to $156 and Coinbase (COIN) to $203, both with 'Buy' ratings, while cutting eToro's (ETOR) target to $39 with a 'Neutral' rating. HOOD and COIN shares rose, while ETOR fell. HOOD is expected to report Q3 earnings of $0.64 per share on $1.4B revenue, with a long beat streak. COIN is expected to report a Q3 loss of $0.20 per share on $1.77B revenue, with recent misses.

BofA Securities reduced its price target for eToro (NASDAQ:ETOR) to $39 from $46, citing lower account growth outlook. Earnings estimates for 2026-2028 were also lowered. Despite a 9.6% revenue decline, eToro remains profitable. BofA expects crypto net trading to grow 51% QoQ. The stock trades near its 52-week low, with mixed analyst ratings and price targets.