Report
Richard-Maxime Beaudoux

ADYEN: Move along, there is nothing to see at current price | SELL | EUR490(

ADYEN - SELL | EUR490(-27%)
Move along, there is nothing to see at current price

Focus on the absolute margin rather than take rates
No guidance for 2019, mid-term objectives reiterated
Unjustified premium compared with Wirecard
Underlyings
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Richard-Maxime Beaudoux

Other Reports on these Companies
Other Reports from Bryan Garnier

ResearchPool Subscriptions

Get the most out of your insights

Get in touch