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Investing.com -- Adyen shares gained after the Dutch payments company outlined new long-term targets ahead of its Investor Day on Tuesday, projecting annual net revenue growth of about 20% in each year beyond 2026.
Prior to its Investor Day presentation, Adyen released a summary of today’s agenda. The company reaffirmed its 2026 goal for net revenue to increase at a low- to mid-twenties percentage rate, in line with earlier guidance, and said capital expenditures would remain up to 5% of revenue.
Adyen also raised its profitability ambitions, forecasting an EBITDA margin above 55% by 2028, compared with its previous target of over 50% by 2026.
Morgan Stanley analysts led by Adam Wood said the updated guidance was stronger than expected, viewing the new profitability target and endorsement of roughly 20% annual growth as “a positive.”
They noted that the new goals align with consensus expectations for growth in the low 20s and should reassure investors after recent concerns that Adyen’s long-term expansion could slow to the high teens.
“We see the stock up low single digit % this morning,” analysts wrote.
Adyen said it expects its growth drivers to deliver roughly 20% annual net revenue expansion “in any given year” beyond 2026, adding that it plans to update its annual growth objective “as we gain greater visibility into the specific opportunities for the year ahead.”
“We’re excited about the opportunity ahead. By staying close to our customers and maintaining disciplined execution, we see significant potential to further expand our share in a fast-growing market,” said Adyen CFO Ethan Tandowsky.
“The scale and strength of our offering and team position us well to become one of the largest players in our industry,” he added.
Morgan Stanley reiterated its Overweight rating and the price target of €1,885 on the stock.