Adyen (OTCMKTS:ADYEY) Price Target Cut to €2,540.00 by Analysts at Morgan Stanley

Adyen (OTCMKTS:ADYEYGet Rating) had its price objective lowered by Morgan Stanley from €2,625.00 ($2,678.57) to €2,540.00 ($2,591.84) in a report released on Tuesday, The Fly reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut shares of Adyen from an outperform rating to a market perform rating in a research report on Friday, August 19th. Bryan, Garnier & Co cut shares of Adyen from a buy rating to a neutral rating in a research report on Friday, August 19th. Barclays cut their price target on shares of Adyen from €2,220.00 ($2,265.31) to €1,930.00 ($1,969.39) in a research report on Monday, July 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Adyen from €2,750.00 ($2,806.12) to €2,070.00 ($2,112.24) in a research report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $2,297.50.

Adyen Stock Down 10.3 %

Shares of ADYEY opened at $13.80 on Tuesday. The firm’s fifty day simple moving average is $16.43 and its two-hundred day simple moving average is $16.66. Adyen has a 12 month low of $11.90 and a 12 month high of $32.95.

Adyen Company Profile

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Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing payments across merchants' sales channels, as well as online, mobile, in-store, and APIs; and data insights.

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