In a report released today, Hannes Leitner from Jefferies maintained a Buy rating on Adyen, with a price target of €1,860.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that highlight Adyen’s strong growth potential and strategic adjustments. The company has updated its mid-term goals to a more flexible long-term framework, aiming for a net revenue growth of approximately 20% beyond 2026. This shift away from a rigid three-year plan is seen as a positive move, especially given the changing macroeconomic conditions such as tariffs and inflation.
Adyen’s confidence in its long-term growth outlook is further supported by its ambitious EBITDA margin target of over 55% by 2028, despite being slightly below consensus estimates. The company’s strategy to achieve sustainable growth includes exploring new growth regions like India, Japan, and Mexico, as well as leveraging opportunities in embedded finance. These factors collectively contribute to the positive outlook and justify the Buy rating assigned by Hannes Leitner.
Leitner covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and BOKU. According to TipRanks, Leitner has an average return of 15.1% and a 63.58% success rate on recommended stocks.
In another report released on November 5, Citi also maintained a Buy rating on the stock with a €2,100.00 price target.