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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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