KBC Securities - ADYEN (ADYEN NA) ... ADYEN : Covid-19 is killing cash payments

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KBC Securities

Thomas Couvreur

ADYEN : Covid-19 is killing cash payments

We have reviewed our investment case on Adyen, focussing on the longer term positive impacts on the payments space following the Corona crisis. We arrived at an updated TP of â‚¬900 (up from â‚¬735) and increase our recommendation to Accumulate (up from Hold).

24/04/2020 15 EN

Underlyings

ADYEN

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ADYEN NV

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Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Couvreur

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ADYEN : Covid-19 is killing cash payments

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Note: ADYEN NA

ADYEN: Prudence warranted from sector trends headwinds ADYEN NA

ADYEN (BUY, TP EUR2,900) | eBay acquires 1.25% of Adyen by exercising the first tranche of its warrants

DEME Model updated after acquiring of Havfram for € 900m

Autolus Aucatzyl secures UK MHRA approval in r/r adult ALL, all eyes on 1Q25

Morning Notes : AKZA NA, ARGX BB, TWEKA NA, DEME BB, AUTL US, MRUS US

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