Analyst Hannes Leitner from Jefferies maintained a Buy rating on Adyen and keeping the price target at €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 performance and growth potential. The company reported a significant increase in Total Payment Volume (TPV) during the Black Friday and Cyber Monday period, which is a crucial time for assessing e-commerce trends. This growth in TPV, which rose by 26% year-over-year, demonstrates Adyen’s competitive position in the market, especially when compared to other players like Stripe and Shopify.
Adyen’s ability to capture a substantial share of the market is further supported by its improved metrics in both in-store transactions and Local Payment Methods (LPMs). These improvements suggest that Adyen is well-positioned to continue its growth trajectory, making it an attractive investment opportunity. Leitner’s analysis indicates confidence in Adyen’s strategic direction and its capacity to capitalize on the expanding digital payment landscape.
Leitner covers the Technology sector, focusing on stocks such as Adyen, BOKU, and Wise PLC Class A. According to TipRanks, Leitner has an average return of 12.8% and a 56.57% success rate on recommended stocks.
In another report released on December 1, J.P. Morgan also maintained a Buy rating on the stock with a €2,450.00 price target.