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In a report released yesterday, Timothy Chiodo from Credit Suisse maintained a Buy rating on Adyen (ADYYF – Research Report), with a price target of EUR2950.00. The company’s shares closed last Thursday at $2975.00, close to its 52-week high of $2978.00.
According to TipRanks.com, Chiodo is a 5-star analyst with an average return of 33.8% and a 64.9% success rate. Chiodo covers the Technology sector, focusing on stocks such as Paypal Holdings, Nuvei Corp., and Shopify.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adyen with a $2962.44 average price target, representing a -0.5% downside. In a report issued on August 11, UBS also maintained a Buy rating on the stock with a EUR2617.00 price target.
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The company has a one-year high of $2978.00 and a one-year low of $1501.00. Currently, Adyen has an average volume of 224.
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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.
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