Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on Adyen. The associated price target remains the same with €1,835.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that highlight Adyen’s strong performance and potential for growth. The company’s underlying net revenues are showing a robust growth rate of approximately 24%, which is a positive indicator of its financial health and market position. Despite some challenges, such as lower-than-expected contributions from APAC-based online retailers, Adyen has demonstrated resilience in both eCommerce and in-store segments.
Additionally, the analysis of JefData Web Traffic for July and the alignment of hiring trends with fiscal year expectations further support the positive outlook for Adyen. These elements suggest that the company is well-positioned to capitalize on future opportunities, making it a compelling choice for investors. Leitner’s assessment reflects confidence in Adyen’s ability to sustain its growth trajectory and deliver value to shareholders.
In another report released on August 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €1,644.00 price target.