After Jefferies and J.P. Morgan gave Adyen (Other OTC: ADYYF) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Mohammed Moawalla maintained a Buy rating on Adyen today and set a price target of EUR2800.00. The company’s shares closed last Friday at $2645.50, close to its 52-week high of $2730.30.
Moawalla has an average return of 90.3% when recommending Adyen.
According to TipRanks.com, Moawalla is ranked #774 out of 7311 analysts.
Currently, the analyst consensus on Adyen is a Moderate Buy with an average price target of $2563.29, a -6.1% downside from current levels. In a report issued on February 10, Jefferies also initiated coverage with a Buy rating on the stock with a EUR2507.00 price target.
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The company has a one-year high of $2730.30 and a one-year low of $700.00. Currently, Adyen has an average volume of 548.
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Adyen NV engages in the provision of payments platform business. Its products include online payments, point of sale, marketplaces, and unified commerce. It operates through the following geographical segments: Europe, North America, Latin America, Asia-Pacific, and Rest of the World. The company was founded by Pieter van der Does and Arnout Schuijff in 2006 and is headquartered in Amsterdam, the Netherlands.
