Analyst Hannes Leitner of Jefferies maintained a Buy rating on Adyen (ADYYF – Research Report), retaining the price target of €1,797.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that suggest a promising outlook for Adyen. Despite the strong performance of Adyen’s shares following the third-quarter results, which were bolstered by positive management insights and results from both merchants and competitors, the upcoming fourth-quarter results are already largely anticipated by the market. However, the report highlights that any market pullbacks should be viewed as opportunities to invest, given the positive outlook for 2025.
Leitner sees a favorable setup for the company moving into 2025, with achievable revenue and EBITDA targets. The valuation is deemed attractive, supported by a roughly one-to-one ratio of enterprise value to EBITDA growth. This suggests that Adyen is well-positioned to meet its financial goals, making the stock a compelling buy at current levels.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a €1,850.00 price target.