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Analyst recommendation eToro

Your expert
Adam N.
Fact checked by
Updated
Dec 2024
Personally tested
Data-driven
Independent

Are analyst recommendations available at eToro as of December 2024?

Like the majority of online brokers, eToro offers analyst recommendations, giving you regular advice on whether to buy or sell specific stocks/assets.

My key findings in a nutshell
Adam
Adam Nasli
Trading • Safety • Market Analysis

I've thoroughly tested eToro services with our analyst team by opening a real-money account and these are my most important findings:

  • eToro provides trading recommendations by analysts
  • Analysts use company data, news or price trends to advise whether to buy/hold/sell an asset
  • Use other tools such as news feeds, charts or data to develop your own judgment
  • Try not to rely on a single recommendation if possible
Overall score
4.7/5
Minimum deposit
$100
Stock fee
Low
Index CFD fee
Average
Withdrawal fee
$5
Account opening
1 day
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eToro securities trading offered by eToro USA Securities Inc, member of FINRA & SIPC. Investing involves risk.

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How trading recommendations work

Which stock should I buy? And is it a good time to buy it, or should I wait a bit more? These are probably the questions you'll ask most often as a long-term equity investor. Luckily, many brokers have experts on hand who will answer these questions in very precise terms, in the form of analyst recommendations or trading ideas.

So what does an analyst recommendation look like? These usually come in newsletters, or are posted on the trading platform or the broker's website; and they advise you to buy, hold, or sell a specific stock. Analysts often assign a target price to a stock over a specific time horizon - e.g. predicting that stock X will rise from the current $100 to $120 in the next 12 months.

Alternatively, analysts sometimes give an overweight or underweight recommendation for a stock, meaning the stock should have a bigger/smaller weight in your portfolio than it does in popular stock indices like the S&P 500.

The quality of analyst recommendations and other research tools such as news or charts can make a big difference in your trading comfort and confidence. Thankfully, eToro offers a user-friendly suite of research tools for investors like you.

What are analyst recommendations based on? They can be based on fundamental analysis; that is, how the company is performing and what its future prospects are, including what's going on in its industry or the wider economy. There is also technical analysis, which looks at recent stock price movement patterns to predict which way the stock price may go in the short term.

As a long-term stock investor, you should probably focus on fundamental analysis to pick the right stock for you, although technical analysis may be helpful in picking the right entry point once you have settled on a promising stock.

Eager to seek out advice or improve your investment skills? Check out our overview of the most popular learning tools for long-term investors.

Other research tools at eToro

If you feel like digging deeper and need more data to make up your mind about buying or selling a stock, you can use the following tools at eToro:

  • News feed - stay on top of breaking news about stocks and the general economy
  • Charting - spot price patterns using various technical indicators
  • Quality educational texts - learn about the basics of trading and investing

If you want a second opinion, or if stock recommendations aren't available at your broker, you can find sites that aggregate analyst opinions on a specific stock. For example, they would rate a stock 'buy' or 'strong buy' if a majority of analysts issued a buy recommendation recently.

Besides these, we encourage you to monitor business news sites, check out educational YouTube videos or attend free online courses to broaden your knowledge of the stock market or a specific stock.

Best brokers if you are new to investing

Are you the kind of investor who still needs a little help finding your way around? Check out our top list of the best brokers for beginners, where you'll find brokers that offer low fees, easy-to-use trading platforms, and helpful educational and research material.

Risk disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Disclaimer: 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

eToro USA LCC does not offer CFDs, only real Crypto assets available.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more!

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

This material has been translated, and its content may not be suitable for every recipient. Additionally, certain products may be restricted in your region.

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Further reading

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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Visit eToro eToro securities trading offered by eToro USA Securities Inc, member of FINRA & SIPC. Investing involves risk.