BofA Upbeat on Adyen's Top-line Growth After 'Steady'Q1; Buy Maintained
7 maj, 14:27
7 maj, 14:27
08:27 AM EDT, 05/07/2026 (MT Newswires) -- BofA Global Research expects Adyen (ADYEN.AS) to see an improvement in revenue growth in the second quarter after a "steady"financial performance in the first three months of 2026.
"Q1 revenues were in line with the pre-announcement from April 23, up 20% YoY ex FX (+16% reported) from 19.3% in Q4'25, in line with our forecast and slightly above css, then at 19.5%. FY guidance reiterated with net revenue growth of 20-22% cc (excluding Talon.One), 2026 EBITDA margins broadly in line with 2025, and 55%+ 2028 margin guidance). Management flagged share gains, resilient existing cohorts and luxury strength,"analysts said Wednesday. "The headwind from APAC online retail should ease in Q2, driving a slight uptick in revenue growth, while Adyen confirmed its expected balanced growth between H1 and H2."
As such, the research firm reiterated its buy rating on the stock, with a price objective of 1,750 euros, noting that the Dutch financial technology group is part of its "25 stocks for 2026"and "Europe 1 top ideas"lists.
"We see Adyen as one of the fastest growing EMEA large caps with 20%/ 22% revenue/ EBITDA CAGR to 2028,"BofA added.
7 maj, 14:27
08:27 AM EDT, 05/07/2026 (MT Newswires) -- BofA Global Research expects Adyen (ADYEN.AS) to see an improvement in revenue growth in the second quarter after a "steady"financial performance in the first three months of 2026.
"Q1 revenues were in line with the pre-announcement from April 23, up 20% YoY ex FX (+16% reported) from 19.3% in Q4'25, in line with our forecast and slightly above css, then at 19.5%. FY guidance reiterated with net revenue growth of 20-22% cc (excluding Talon.One), 2026 EBITDA margins broadly in line with 2025, and 55%+ 2028 margin guidance). Management flagged share gains, resilient existing cohorts and luxury strength,"analysts said Wednesday. "The headwind from APAC online retail should ease in Q2, driving a slight uptick in revenue growth, while Adyen confirmed its expected balanced growth between H1 and H2."
As such, the research firm reiterated its buy rating on the stock, with a price objective of 1,750 euros, noting that the Dutch financial technology group is part of its "25 stocks for 2026"and "Europe 1 top ideas"lists.
"We see Adyen as one of the fastest growing EMEA large caps with 20%/ 22% revenue/ EBITDA CAGR to 2028,"BofA added.
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