Adyen: BofA raises target price
(CercleFinance.com) - BofA Securities maintains its 'buy' recommendation on Adyen shares, raising its target price for them from E1,760 to E1,900, representing 27% upside potential for the stock, which is one of its '25 stocks for 2025, and has been added to its 'Europe 1' list of best ideas.
The broker predicts that 2025 will see an acceleration in growth, driven by a recovery in e-commerce volumes, sales momentum supported by investments in headcount in 2022-23, and new geographic expansions.
BofA also considers the valuation of the Dutch payment technology group to be favorable, coming in at 25% below its three-year average, and at 32x/25x 2025/2026 EBITDA for average annual growth of 30%.
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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 broker predicts that 2025 will see an acceleration in growth, driven by a recovery in e-commerce volumes, sales momentum supported by investments in headcount in 2022-23, and new geographic expansions.
BofA also considers the valuation of the Dutch payment technology group to be favorable, coming in at 25% below its three-year average, and at 32x/25x 2025/2026 EBITDA for average annual growth of 30%.
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.