eToro Group shares fell 13.7% to $29.33 on August 12 after Cantor Fitzgerald cut its price target to $53 from $61, kept an Overweight rating, and lowered its 2026 and 2027 forecasts after second-quarter net contribution, adjusted EBITDA (profit excluding some non-core costs) and crypto take rate (revenue earned from crypto trading) came in below its expectations. The stock had already fallen 8% a day earlier and is down 18.8% over the past week, even though adjusted diluted EPS beat forecasts at $0.68 versus $0.65, net contribution rose 9% year over year to $229 million, adjusted EBITDA increased 9% to $78 million, and funded accounts climbed 18% to 4.28 million. The pressure reflects a trading mix moving away from crypto toward equities, commodities and currencies: in May, crypto trades fell 31% year over year to 2.2 million, capital-markets and ECC trades rose 59% to 64 million, and the invested amount per crypto trade dropped 28% to $203. Cantor still values eToro at 12x its 2026 EV/EBITDA (enterprise value relative to operating profit) estimate, but weaker July volumes and softer near-term assumptions drove the target cut. eToro has also been expanding beyond crypto with a new AI-focused app, 24/7 trading capabilities and additional investing tools, while InvestingPro Tips said four analysts have revised earnings downward for the upcoming period, Citizens has maintained a $90 target, and Mizuho previously lowered its target to $52.