Jefferies analyst Hannes Leitner maintained a Buy rating on Adyen yesterday and set a price target of €1,835.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that suggest a positive outlook for Adyen. The upcoming Q3 update is anticipated to reflect strong performance, partly due to favorable comparisons with previous periods involving companies like Cash App and eBay. Additionally, recent feedback from retailers in the Asia-Pacific region has been encouraging, further supporting the optimistic view.
Moreover, there is an expectation that Adyen might provide preliminary guidance for 2026, projecting growth in the low-20s percentage range, which aligns with their midterm goals. This potential guidance, along with the company’s strategic focus on long-term objectives, reinforces the Buy rating as Adyen appears well-positioned for continued success in the payments and fintech sector.
In another report released on October 21, Wells Fargo also initiated coverage with a Buy rating on the stock with a €1,753.00 price target.