Investing.com — Shares of Swissquote Group rose more than 6% on Wednesday after Goldman Sachs upgraded the online bank to “buy” from “neutral”, saying stronger earnings from securities trading, foreign exchange and net interest income should more than offset a slowdown in crypto-related revenue.

The broker also raised its 12-month price target to SFr50 from SFr48. Goldman forecasts 2026 pre-tax profit of SFr411 million, about 5% above the Visible Alpha consensus of SFr390 million, driven by strength in securities trading, foreign exchange and net interest income.

The new price target implies 21.5% upside from Swissquote’s SFr41.16 closing price, compared with an average 18% upside across Goldman’s coverage…