Deutsche Bank is more bullish on eToro following its third-quarter earnings report. Analyst Brian Bedell upgraded the stock and crypto trading stock to buy from hold. He also lifted his target price to $45 from $44. Shares of eToro, which debuted on the Nasdaq in May, have slipped 27% since their IPO . Bedell’s updated forecast implies that the stock could rally 19% from Monday’s close. ETOR YTD mountain ETOR YTD chart Deutsche’s upgrade comes after eToro reported third-quarter earnings that beat expectations. The company also shared third-quarter net contribution and adjusted EBITDA that exceeded estimates. Bedell pointed out that…
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BMO Capital Markets is moving off the sidelines when it comes to Maplebear . The bank upgraded the parent company of grocery delivery provider Instacart to outperform from market perform. Analyst Brian Pitz maintained his target price of $58, implying that shares could rally more than 55% from Monday’s close. Shares of Maplebear have slipped 10% this year, opening up an attractive risk-reward ratio for investors, Pitz said. CART YTD mountain CART YTD chart “At current levels, the stock trades at ~7.4x EV/EBITDA (1.3SD below 2-year avg) and ~17.1x P/E (1.9SD below 1-year avg), a discount to historical avg, despite…
The Oura Ring 4.Courtesy: OuraThe chief executive of Finland’s Oura told CNBC on Tuesday that he expects the wearable tech company to generate close to $2 billion in sales next year.The smart ring maker has upped its forecast as it invests in artificial intelligence and international expansion, hot on the heels of a $900 million funding round in October. Oura is on track to secure $1 billion in sales in 2025, doubling its 2024 revenue, CEO Tom Hale told CNBC’s Arjun Kharpal from Web Summit in Lisbon, Portugal. Next year is “certainly going to be a lot more,” Hale said in an…
Duolingo, Doordash and Roblox appsTiffany Heard-Grear | Bloomberg | Getty ImagesAcross the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates.But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts, or just shrugged off their guidance, companies outside the trillion-dollar club are getting punished. DoorDash, Duolingo and Roblox all saw their stock prices suffer double-digit slumps last week after the companies said spending is on the incline, raising concerns about future profitability. Unlike the tech giants, which are promising hefty buildouts to meet soaring…
The United States is facing a shortage of TNT, a high explosive that is essential to the manufacturing of commercial explosives products, like cast boosters, which are commonly used in the mining and construction industries, according to the Institute of Makers of Explosives, or IME.”Everything from your cellphone to your laptop to the roads you drive on to work, the homes you live in, just about everything you use on a daily basis started from commercial explosives,” said IME President Clark Mica.The United States has depended on foreign suppliers of TNT since the mid-1980s, when the last domestic TNT facility…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods said that professional traders are watching for the end of the government shutdown this week, which could boost stocks and continue Friday’s “nice relief rally” from here. Woods, the chief market strategist at Freedom Capital Markets, noted that both the S & P 500 and Nasdaq 100 passed a key technical test on Friday. The S & P fell below its 50-day moving average for the first time since…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 10, 2025. Brendan McDermid | ReutersStock futures were near the flatline Tuesday after a strong start to the trading week.Futures tied to the Dow Jones Industrial Average traded just above the flatline. S&P 500 and Nasdaq-100 futures were down 0.2% and 0.4%, respectively.CoreWeave shares slid 10% after the company’s guidance disappointed investors, hurting the artificial intelligence trade. Nvidia shares also pulled back more than 1% in the premarket after SoftBank sold its entire stake in the chipmaker for more than $5…
Millennium Wheel And Skyline At Sunset. London, England. Design Pics Editorial | Universal Images Group | Getty ImagesU.K. assets were volatile in morning trade on Tuesday, as investors weighed the economic impact of a weakening labor market ahead of a critical budget and the final interest rate decision of the year.Data released by Britain’s Office for National Statistics (ONS) on Tuesday showed that the country’s unemployment rate rose to a higher-than-expected 5% in the three months to September. Meanwhile, the estimated number of payrolled employees in the U.K. fell by 32,000 between August and September.By 11:20 a.m. in London (6:20…
It’s no secret that buying a home is expensive. The average sales price for U.S. homes has hovered around $400,000 since the end of 2021, according to the Federal Reserve Bank of St. Louis. Most homebuyers looking to cover that cost turn to mortgage lenders, who pore over financial details like salaries, bank balances and retirement accounts to determine how risky it is to lend the money.That review process has typically excluded crypto assets. But for the roughly 15% of Americans who invest in digital assets, that could soon change.In June, a directive issued by the Federal Housing Finance Agency ordered…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 10, 2025.Brendan McDermid | ReutersStocks closed higher on Monday after Senate lawmakers took a critical step towards a potential deal to end the historic U.S. government shutdown.The Dow Jones Industrial Average climbed 381.53 points, or 0.81%, to end at 47,368.63. The S&P 500 gained 1.54% to settle at 6,832.43, while the Nasdaq Composite advanced 2.27% to finish at 23,527.17.Nvidia, Broadcom and other artificial intelligence bull market leaders led the gains as a possible end to the shutdown put investors in a risk-taking…
