Raymond James raises Fulgent Genetics stock price target to $36 on strong performance
Investing.com - Bernstein SocGen Group has reiterated an Outperform rating and EUR1,880.00 price target on Adyen NV (AS:ADYEN) (OTC:ADYYF), highlighting the payment processor’s long-term growth prospects.
The firm expressed increased conviction in Adyen ’s growth trajectory for the next decade, noting that payments has been a challenging sector for investors in recent years due to competitive pressures and other market factors.
Bernstein identified Adyen as one of the few standout exceptions in the payments space, alongside Visa and Mastercard, that continue to show strong performance despite industry headwinds.
The research firm specifically mentioned being intrigued by Adyen’s Dynamic Identification Layer, though it questioned how the company differentiates this feature competitively against modern peers and payment networks.
Bernstein’s analysis suggests Adyen is positioned to "meaningfully outgrow the market for years to come," reinforcing the firm’s bullish outlook on the payment technology company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.