In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Euronet Worldwide (EEFT – Research Report), with a price target of $120.00.
Mayank Tandon has given his Buy rating due to a combination of factors including Euronet Worldwide’s strong start to fiscal year 2025, where the company exceeded expectations in both revenue and earnings. This performance was driven by robust growth across its three main payment segments, showcasing the strength of its diversified business model.
Furthermore, Tandon highlights Euronet’s reaffirmed earnings per share outlook, projecting a 12-16% year-over-year growth, which is impressive given the uncertain global economic conditions. The company’s broad geographic presence, with a significant portion of its revenue coming from outside the U.S., adds to its resilience. Despite potential short-term volatility due to macroeconomic uncertainties, Tandon finds the current valuation attractive, especially considering Euronet’s commitment to shareholder returns through share buybacks and strategic mergers and acquisitions.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $125.00 price target.