Jefferies keeps Buy rating for Adyen stock as first-half growth hits 21 percent

Published on 10/23/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adyen reported EUR 1.3 billion in first-half net revenue, up 19 percent year over year. Adyen stock costs EUR 956.55 on October 23, 2026, below its EUR 1,600.80 yearly high.

Analyst target and upcoming date

Jefferies kept its EUR 1,233.00 target on October 20, 2026.
First-half net revenue reached EUR 1.3 billion, up 19.00 percent year over year.
Adyen stock trades at EUR 956.55 at 9:20 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Adyen stock (ISIN NL0012969182) was trading at EUR 956.55 at Lang & Schwarz on October 23, 2026 at 9:20 a.m. CEST. The latest analyst signal came from Jefferies, which retained its Buy rating and unchanged EUR 1,233.00 target on October 20, 2026, according to MarketScreener.

Jefferies sees further upside

The target stands 28.89 percent above the Lang & Schwarz price. Jefferies analyst Hannes Leitner kept the rating and target unchanged, making the view a valuation reference rather than a new target increase. The target is also below Adyen's 52-week high of EUR 1,600.80, while the current quote remains above the 52-week low of EUR 772.40.

Adyen's fundamental backdrop is defined by its first-half 2026 results. Net revenue reached EUR 1.3 billion, up 19 percent year over year or 21 percent on a constant-currency basis, while EBITDA rose 18 percent to EUR 642 million. The figures were reported in the H1 earnings call covered by Benzinga.

What does the margin outlook mean?

Management expects full-year 2026 net revenue growth of 21 to 23 percent on a constant-currency basis. The two acquisitions completed during the first half are expected to dilute the full-year EBITDA margin by 1 percentage point, while the underlying margin is expected to remain in line with 2025. That sets growth and integration costs against the valuation case.

Next company date is October 28

Adyen's investor-relations calendar lists a third-quarter 2026 business update for October 28, 2026, on the company's Adyen investor-relations page. Investors will have a new operating update to compare with the 21 to 23 percent full-year growth outlook.

Adyen stock stays below its yearly high

The current quote is 40.25 percent below the EUR 1,600.80 52-week high and 23.84 percent above the EUR 772.40 low. Adyen provides an integrated payments platform for merchants across online and in-person channels, with its primary listing on Euronext Amsterdam.

Adyen was trading at EUR 956.55 at Lang & Schwarz on October 23, 2026 at 9:20 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Adyen stock.