Analyst Gustavo Gala from Monness reiterated a Buy rating on Euronet Worldwide (EEFT – Research Report) and increased the price target to $145.00 from $135.00.
Gustavo Gala has given his Buy rating due to a combination of factors that highlight Euronet Worldwide’s strong performance and growth potential. The company has shown impressive revenue and EPS beats, with a particularly strong performance in its money transfer segment, which saw significant digital transaction growth and improved margins. This segment’s success, coupled with a favorable outlook for 2025, supports the Buy rating.
Furthermore, Euronet’s EFT segment is expected to continue improving, with new units in Peru and the Dominican Republic contributing to increased transaction frequency. Despite some challenges in the epay segment, the company’s overall growth prospects remain robust, with new opportunities for commercialization and expansion in digital offerings. These factors, combined with the company’s undervalued stock price, make it an attractive investment opportunity according to Gala.
Gala covers the Technology sector, focusing on stocks such as Euronet Worldwide, Remitly Global, and Strategy. According to TipRanks, Gala has an average return of -5.4% and a 39.06% success rate on recommended stocks.