William Blair analyst Christopher Kennedy has maintained their bullish stance on EEFT stock, giving a Buy rating yesterday.
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Christopher Kennedy’s rating is based on Euronet Worldwide’s strategic acquisition of CoreCard, which aligns with the company’s growth strategy by adding an underappreciated asset to its portfolio. The acquisition not only complements Euronet’s existing Ren and card issuing business but also presents an opportunity for expansion outside the U.S., potentially driving significant revenue growth.
Moreover, Euronet’s recent financial performance supports the Buy rating, with the company reporting results that were largely in line with expectations. Despite a slight revenue miss, adjusted EBITDA exceeded Street estimates, and adjusted EPS showed a notable increase. These factors, combined with the company’s affirmed guidance and a new partnership with a top U.S. bank, underscore Euronet’s potential for sustained growth and justify the positive outlook.
Kennedy covers the Technology sector, focusing on stocks such as Cantaloupe, Evertec, and Remitly Global. According to TipRanks, Kennedy has an average return of -1.9% and a 44.68% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $114.00 price target.