eToro (NASDAQ: ETOR) shares closed at their highest level in seven months on Friday, extending a recovery that has lifted the retail brokerage about 70% from the record lows it touched in February.

The stock rose more than 5% to finish just below $42, and traded as high as $43.32 during the session, its strongest level since early December.

eToro’s Climb Back From February's Record Lows

The latest leg builds on momentum that started after eToro reported first-quarter results in mid-May.

The shares now sit above their 200-day exponential moving average, a marker technical traders watch for longer-term trend, and Friday's turnover of almost 3 million shares ran well above the daily average of about 1.1 million.

The contrast with three months ago is sharp. eToro fell to an all-time low near $25 in February, when a crypto selloff pulled retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term stocks lower across the board. The Nasdaq-listed company, based in Israel and incorporated under British Virgin Islands law, has since recovered most of that ground.

It still trades well below the $79.96 peak it reached soon after its May 2025 IPO, when heavy demand pushed the listing price above its marketed range.

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The round trip from there to $25 and back toward $42 captures how closely the stock has tracked sentiment in crypto and retail trading.

Governance Votes and a Goldman Target Bump Drive the Latest Move

Two corporate filings gave investors something to react to. eToro said shareholders approved every proposal at its May 26 annual meeting in Bnei Brak, Israel, with holders of both share classes voting in line with the board's recommendations.

Two days later the company filed a revised charter, its Second Amended and Restated Memorandum and Articles of Association, with the British Virgin Islands registrar.

eToro said the update refines its governance setup and could add flexibility as it operates as a foreign private issuer in the US. The company framed the changes as administrative rather than a shift in strategy.

The bigger catalyst came from Wall Street. Goldman Sachs analyst James Yaro raised his price target on the stock to $43 from $39 on May 28, while keeping a Neutral rating. That capped a steady climb in his view, after he had already moved the target to $39 from $35 earlier in the month.

Crypto Still Anchors Revenue as US Rivals Pile In

eToro's recovery is playing out in a crowded field. Robinhood, its closest US-listed peer, hit a four-year high earlier this year after closing its Bitstamp acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, and rivals including Webull are chasing the same retail traders with commission-free equities and crypto.

The competition has pushed eToro to expand round-the-clock trading on US stocks and to court crypto depositors with stock rewards.

That last point matters, because digital assets still drive the business. Crypto accounted for about 91% of eToro's revenue in recent quarters, a concentration that ties the stock's fortunes tightly to token prices.

CEO Yoni Assia has leaned into the cycle rather than away from it, telling analysts on the latest earnings call that "crypto downtimes are the time to build."

The first quarter offered some cover for the bulls. eToro reported net income up 37% to $82 million, with net contribution rising 19% from a year earlier to $258 million, helped by a jump in commodities trading. Adjusted earnings of $0.91 a share beat the $0.69 analysts expected.

Average trade sizes, though, shrank by nearly half year over year, and assets under management slipped from the prior quarter.

Analysts Split on Where eToro Goes From Here

The brokerage's research coverage now spans a wide range. Goldman's $43 target sits near the bottom, while TD Cowen lifted its target to $52 in mid-May, and Needham and Jefferies carry Buy ratings with targets of $66 and $53.

The consensus price target sits around $56, according to data compiled by MarketBeat, implying meaningful upside if the more optimistic calls prove right.

For now the move has pushed eToro's market value back above $3.3 billion.