In a report released yesterday, Timothy Chiodo from Credit Suisse maintained a Buy rating on Adyen (ADYYF), with a price target of EUR2417.00. The company’s shares closed last Thursday at $2203.99.
According to TipRanks.com, Chiodo is a 5-star analyst with an average return of 36.1% and a 67.2% success rate. Chiodo covers the Technology sector, focusing on stocks such as Paypal Holdings, Affirm Holdings, and Global Payments.
Adyen has an analyst consensus of Moderate Buy, with a price target consensus of $2586.78, representing a 16.3% upside. In a report issued on March 12, Redburn Partners also initiated coverage with a Buy rating on the stock with a EUR2811.00 price target.
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Adyen’s market cap is currently $69.19B and has a P/E ratio of 224.80. The company has a Price to Book ratio of 48.69.
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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.
