Mayank Tandon, an analyst from Needham, reiterated the Buy rating on Euronet Worldwide. The associated price target is $120.00.
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Mayank Tandon has given his Buy rating due to a combination of factors influencing Euronet Worldwide’s potential for growth. The company reported mixed results for the second quarter but maintained its guidance for earnings per share growth of 12-16% year-over-year for fiscal year 2025. This consistency in growth outlook is a positive indicator for investors.
Additionally, Euronet Worldwide’s strategic acquisition of CoreCard, a prominent digital card technology and processing company, is expected to enhance and diversify its digital payments segment. This acquisition is anticipated to increase U.S. revenue and be accretive to earnings per share within the first year after closing. With the stock trading at approximately 9 times the fiscal year 2026 earnings per share estimate, Tandon sees a compelling risk-reward scenario, supported by the company’s diverse payment solutions and commitment to shareholder returns through buybacks and strategic mergers and acquisitions.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $125.00 price target.