Jefferies analyst Hannes Leitner raised the firm’s price target on Adyen to EUR 1,821 from EUR 1,743 and keeps a Buy rating on the shares. After digesting FY23 results, the firm adjusted its model for recent wins with “a positive revision,” the analyst tells investors. The firm also notes that its web traffic monitor for January saw a trend reversal after Q4, adding that it expects to see this stabilize in February.
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Read More on ADYEY:
- Adyen price target raised to EUR 2,000 from EUR 1,600 at Goldman Sachs
- Adyen price target raised to EUR 1,585 from EUR 1,300 at Barclays
- Adyen price target raised to EUR 1,205 from EUR 1,100 at Morgan Stanley
- Adyen price target raised to EUR 1,730 from EUR 1,325 at Deutsche Bank
- Adyen upgraded to Outperform from Market Perform at TD Cowen
