Adyen: Barclays raises target price
(CercleFinance.com) - Barclays has confirmed its 'overweight' recommendation on Adyen shares, having raised its target price for them from E1,585 to E1,610, after the Dutch financial technology company reported better-than-expected Q2 results.
Adyen reported strong sales momentum, with a commitment to growth of over 20% in H2, the broker says, which sees even more scope for EBITDA margin expansion in H2.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Adyen reported strong sales momentum, with a commitment to growth of over 20% in H2, the broker says, which sees even more scope for EBITDA margin expansion in H2.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.