Northland Securities analyst Michael Grondahl maintained a Buy rating on Euronet Worldwide (EEFT) today and set a price target of $175. The company’s shares closed yesterday at $163.83, close to its 52-week high of $165.27.
Grondahl noted:
“We believe EEFT is on track for another seasonally strong summer in ATM/EFT that now has an increased TAM with Visa DCC. Ria (Money Transfer) continues to be a solid and growing business that still only has 4.8% market share. epay digital technology is creating new use cases and can be applied back into the ATM and MT businesses. Overall, EEFT has plenty of opportunities to continue on a strong growth trajectory.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 18.6% and a 57.7% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Thunder Bridge Acquisition Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euronet Worldwide with a $172.25 average price target.
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The company has a one-year high of $165.27 and a one-year low of $82.72. Currently, Euronet Worldwide has an average volume of 468.8K.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers. It operates through the following business segments: EFT Processing, Epay and Money Transfer.
