Jefferies analyst Hannes Leitner maintained a Buy rating on Adyen today and set a price target of €1,835.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hannes Leitner has given his Buy rating due to a combination of factors that highlight Adyen’s strong growth potential and robust business model. The company is expected to showcase its ability to sustain a compound annual growth rate of over 20% in the midterm, which is a significant indicator of its promising future prospects.
Additionally, Adyen’s infrastructure is well-positioned to handle payment flows across current and emerging channels, particularly as the world increasingly integrates artificial intelligence. This adaptability and forward-thinking approach are likely to instill confidence in investors, further supporting the Buy rating.
In another report released on October 21, Wells Fargo also initiated coverage with a Buy rating on the stock with a €1,753.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADYYF in relation to earlier this year.