Adyen: Wirecard bankruptcy as a positive factor

While Wirecard is in bankruptcy and the Aschheimer share disappears in the direction of worthlessness, the Adyen share today reached a new all-time high at 1,472.50 euros at Euronext in Amsterdam. However, UBS analysts still recommend buying the Dutch payment service provider’s share certificate after they have spoken to Adyen’s industry experts on eBay. According to the analysts, their information has confirmed some of their expectations regarding the cooperation with the US company. One expects further price increases with the paper and sees the price target at 1,583 euros. Earnings per Adyen share of EUR 9.02, EUR 14.19 and EUR 20.67 are forecast for the years 2020 to 2022.

Oddo BHF is more cautious about the Adyen share – even though you upgrade the paper. At € 1,400, the target for the title is well above the previously expected € 750, but still below the current share price. For Adyen’s shares, Oddo BHF now gives a “neutral” instead of the previous “reduce” as a classification. Wirecard’s failure as a competitor would be good news for the Dutch.

At a glance – chart and news: Adyen


Related Articles

Back to top button