Adyen: a positive analyst note lifts the stock
The American research firm, which has an 'overweight' recommendation and a price target of 1,000 euros on the stock, believes that, given current trends, the Dutch payments specialist is in a position to record 24% growth in its total transaction volume in the second half of the year, compared with a consensus of 20%.
As a reminder, last week Wells Fargo raised its recommendation on the stock directly from 'underweight' to 'overweight', with a target raised from €650 to €1,000, in the wake of better-than-expected third-quarter sales figures published by Adyen.
Adyen is currently up 4.5%, the biggest gain on the AEX, bringing its year-to-date decline to around 20%.
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