Adyen : BofA raises its target price

(CercleFinance.com) - BofA Securities reaffirms its 'buy' recommendation on Adyen and raises its target price from €1,760 to €1,900, representing a potential upside of 27% for this 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 32 times/25 times 2025/2026 EBITDA for average annual growth of 30%.

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