Shares of eToro Group Ltd. (ETOR) surged Monday morning after several analys꧒ts initiated coverage of the onlineඣ trading platform with positive comments.

Jefferies gave the stock a "Buy" rating, with a 12-month price target of $80. The analysts wrote that the company is "well-positioned to benefit from the growing adoption of retail investing globally." They noted that eToro's strength in the 澳洲幸运5官方开奖结果体彩网:European Union (EU) and U.K. markets, along with its "differentiated product offering and distinguished brand," put it in a unique position to boost its account base.

UBS began its coverage with a "Neutral" rating and $70 price target. The bank's note to investors, entitled "Grabbing Global Retail Investors by the Horns," contained a similar phrase, "well positioned to benefit from increasing retail participation in financial markets, which has been accelerating in the last few years." Still, it noted that since eToro is a newly public company—it 澳洲幸运5官方开奖结果体彩网:began trading last month—it "still has to demonstrate that it can execute on product and market expansion, while near-term results could be volatile."

Citi also gave a "Neutral" rating, putting the price target at $72. However, the analysts there also added that it was "high risk," explaining that while they "remain constructive on the health/resiliency of the retail segment and bullish on the outlook for European retail specifically," they see "some challenges as well."

The ratings news sent eToro Group shares up 8% to about $74 in recent trading after earlier hitting a record-high $76.75.