Adyen Surges as New Targets Ease Investor Concerns
- Adyen specifies three-year targets, plans quarterly reporting
- Stock had plunged in August after disclosing revenue slowdown
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Adyen NV’s shares surged the most since its trading debut after the payments giant unveiled new growth targets and offered a detailed pathway to achieve them, a key sign that the company is intent on winning back investor confidence.
Adyen’s top brass met investors in San Francisco on Wednesday to ease concerns about the firm’s trajectory after reporting a sales slowdown in mid-August that roiled shares. During the presentation, executives for the Amsterdam-based company outlined net revenue and profitability targets for the next three years that analysts deemed more realistic than earlier forecasts.