AlphaValue/Baader Europe Cuts Adyen Price Target Amid New Growth Assessment

07:14 AM EST, 12/03/2025 (MT Newswires) -- AlphaValue/Baader Europe lowered its price target for Adyen (ADYEN.AS) to 1,772 euros from 1,986 euros, in view of its new assessment of the Dutch financial technology group's growth. "We have adjusted our calculation of the [net asset value] by using a slightly modified EV/EBIT ratio. Indeed, because Adyen generates revenues from assets that are only temporary on its balance sheet, we add this extra financial income to the recurring EBIT generated by Adyen," analysts said Tuesday, adding that the company's growth story remains intact. "Note that we were previously using a 50x EV/EBIT multiple, which now seems excessive as we expect growth to normalise after 2030." The research firm has a buy rating on Adyen's stock.