New Street analyst Soomit Datta upgraded Adyen to Buy from Neutral with an EUR 1,800 price target, which represents 25% upside. The analyst says the company has “done a good job grounding revenue expectations.” Meanwhile, the company’s big merchant wins is a reminder of Adyen’s still low share and ability to surprise positively, the analyst tells investors in a research note. The firm also focuses on Brazil and Latin America, saying Adyen is re-engaging and can positively surprise, adding sales growth.
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Read More on ADYEY:
- Adyen upgraded to Conviction Buy from Buy at Goldman Sachs
- Adyen price target raised to EUR 1,821 from EUR 1,743 at Jefferies
- 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
