Worldline (0QVI – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Hold rating on the stock and has a €4.60 price target.
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Hannes Leitner has given his Hold rating due to a combination of factors impacting Worldline’s performance. The company has been experiencing ongoing challenges in its Merchant Services division, particularly with hardware and merchant terminations, which have not shown signs of improvement in the second quarter.
Although there is an expectation that these headwinds may lessen in the third quarter, there is still caution regarding the potential for lost merchants to return at previous pricing levels. While the first half results are anticipated to provide new guidance for 2025, the significant catalyst is expected to be the upcoming Capital Markets Day scheduled for December.
In another report released on June 17, Goldman Sachs also maintained a Hold rating on the stock with a €5.70 price target.
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