William Blair analyst Christopher Kennedy has maintained their bullish stance on EEFT stock, giving a Buy rating on October 21.
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Christopher Kennedy has given his Buy rating due to a combination of factors that highlight Euronet Worldwide’s potential for long-term growth. The company has a strong track record of increasing operating income and adjusted EPS at impressive compound annual rates over the years. This growth is supported by effective product initiatives, strategic acquisitions, and robust internal execution, which are not fully reflected in the current valuation of the stock.
Moreover, Euronet’s management has reaffirmed their guidance for 2025, projecting a 12% to 16% growth in constant-currency adjusted EPS, aligning with historical performance. Despite mixed results in the September quarter, the company has shown resilience with a significant share repurchase program and lower interest expenses. Recent technological advancements, such as partnerships with Citi and Fireblocks, further bolster Euronet’s position in the market, enhancing its capabilities in digital payments and stablecoin integration.
Kennedy covers the Technology sector, focusing on stocks such as Remitly Global, Jack Henry & Associates, and Euronet Worldwide. According to TipRanks, Kennedy has an average return of -5.1% and a 35.94% success rate on recommended stocks.
In another report released on October 21, Monness also reiterated a Buy rating on the stock with a $145.00 price target.