Adyen, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Buy rating on the stock and has a €1,835.00 price target.
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Hannes Leitner has given his Buy rating due to a combination of factors that highlight Adyen’s potential for growth. One significant element is the company’s strong momentum in North America, where underlying growth is approaching 30%. This robust performance in a key market suggests a promising trajectory for the company’s expansion efforts.
Additionally, Leitner is optimistic about the mid to long-term opportunities in Embedded Finance, which could further enhance Adyen’s market position. Despite some challenges in the APAC region, the overall sentiment remains positive, bolstered by insights from the recent Jefferies FinTech conference. These factors collectively contribute to the Buy rating, reflecting confidence in Adyen’s strategic direction and growth prospects.
Leitner covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and Worldline. According to TipRanks, Leitner has an average return of 16.1% and a 63.31% success rate on recommended stocks.