Adyen: UBS maintains buy recommendation

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Adyen shares, as well as its target price of E1,700, a target implying 27% upside potential for the Dutch payment solutions provider's shares.


Adyen is poised to benefit from the growth of software-based payments in Europe, which could lead to an increase in existing net revenue growth estimates, the broker summarises.


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