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Goldman Sachs reaffirms Adyen as Conviction Buy with EUR2300 target

Goldman Sachs has reaffirmed its Conviction Buy rating on Adyen NV, maintaining a price target of EUR2,300. The firm anticipates a year-over-year growth of 23% in Q2 and 25% in the second half of 2025, driven by strong underlying momentum and multiple growth levers. Despite slight adjustments to EBITDA estimates, projections remain 1-3% above consensus for 2025-2026, with confidence in Adyen's potential to outperform market expectations and achieve higher valuations.

ubs and goldman sachs upgrade adyen shares with positive outlook

UBS has maintained a "Buy" rating for Adyen, setting a target price of €1,700, while Goldman Sachs has raised its target to €2,200, reflecting confidence in the payment processor's technology. Adyen's share price has shown fluctuations, currently trading around €1,515.70, with a market capitalization of approximately €48.9 billion. Despite recent price weakness, the company has demonstrated solid annual growth of over 30%.
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