Adyen (OTCMKTS:ADYEY) Given Average Recommendation of “Strong Buy” by Brokerages

Adyen (OTCMKTS:ADYEY) has received an average rating of “Strong Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research report on Friday, March 7th. Truist Financial raised shares of Adyen to a “strong-buy” rating in a report on Monday. Evercore ISI raised shares of Adyen to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Friday, May 2nd.

Adyen Price Performance

Adyen stock opened at $18.99 on Wednesday. Adyen has a 52-week low of $10.78 and a 52-week high of $19.39. The firm has a fifty day moving average of $16.71 and a 200-day moving average of $16.19.

About Adyen

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.