TD Cowen upgraded Adyen to Outperform from Market Perform with a price target of EUR 1,740, up from EUR 1,120. Adyen has “put to rest prior concerns” on growth compression and competitive commoditization, the analyst tells investor sin a research note. The firm says multiple levers are set to reaccelerate Adyen’s “top-tier” growth over the near-term, while its completed hiring cycle should enable rising profitability through 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADYEY: