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Adyen (ADYYF) Got Some Good News

DZ BANK AG analyst Timo Dums upgraded Adyen (ADYYFResearch Report) to Buy today. The company’s shares closed last Wednesday at $2674.92.

Currently, the analyst consensus on Adyen is a Strong Buy with an average price target of $3558.83, a 35.2% upside from current levels. In a report issued on November 19, UBS also maintained a Buy rating on the stock with a EUR2853.00 price target.

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Based on Adyen’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADYYF in relation to earlier this year.

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Adyen NV engages in the provision of payments platform business. Its products include online payments, point of sale, marketplaces, and unified commerce. It operates through the following geographical segments: Europe, North America, Latin America, Asia-Pacific, and Rest of the World. The company was founded by Pieter van der Does and Arnout Schuijff in 2006 and is headquartered in Amsterdam, the Netherlands.

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