Jefferies raised the firm’s price target on Adyen (ADYEY) to EUR 1,860 from EUR 1,835 and keeps a Buy rating on the shares following a “solid underlying Q3.” The firm raised its price target citing better net revenue performance and lower than expected hiring, which “drives margins and bottom line higher.”
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Read More on ADYEY:
- Adyen’s Strong Q3 Performance and Realistic Growth Recalibration Reinforce Long-term Confidence
- Adyen’s Strong Q3 Performance and Positive Future Outlook Justify Buy Rating
- Positive Outlook for Adyen: Strong Q3 Performance and Strategic Growth Projections Reinforce Buy Rating
- Adyen’s Strong Growth Potential and Robust Business Model Earns Buy Rating
- Adyen initiated with an Overweight at Wells Fargo
