In a report released today, Hannes Leitner from Jefferies maintained a Hold rating on EDENRED, with a price target of €22.20.
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Hannes Leitner has given his Hold rating due to a combination of factors impacting EDENRED’s future performance. The recent regulatory changes in Brazil concerning the meal voucher industry are expected to have a significant negative effect on the company’s financial outlook. EDENRED has adjusted its 2026 guidance to reflect a decrease in EBITDA growth, which is now anticipated to be between -8% and -12%, a stark contrast to the previously expected growth of +2-4%.
These adjustments suggest a substantial financial impact, estimated to affect the 2026 earnings per share by 14-23%. Given these developments, the market is likely to react negatively, and the stock’s performance may be hindered in the near term. Consequently, Leitner’s Hold rating reflects a cautious stance, acknowledging the potential risks while recognizing that the stock may not warrant a more severe downgrade at this time.
According to TipRanks, Leitner is a 5-star analyst with an average return of 15.1% and a 63.58% success rate. Leitner covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and BOKU.
In another report released on October 31, Citi also maintained a Hold rating on the stock with a €28.00 price target.