Adyen (OTCMKTS:ADYYF) Raised to Conviction-Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Adyen (OTCMKTS:ADYYF) from a buy rating to a conviction-buy rating in a report published on Thursday, The Fly reports.

A number of other research firms have also commented on ADYYF. UBS Group assumed coverage on shares of Adyen in a report on Wednesday, July 24th. They set a buy rating for the company. Guggenheim upgraded shares of Adyen from a neutral rating to a buy rating in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy.

OTCMKTS:ADYYF opened at $703.04 on Thursday. The company has a fifty day moving average of $695.14 and a 200 day moving average of $752.78. Adyen has a 52 week low of $450.00 and a 52 week high of $828.00.

About Adyen

Adyen N.V. operates as technology company in the Netherlands, Brazil, Singapore, the United Kingdom, Canada, Australia, South Korea, Hong Kong, Mexico, China, New Zealand, Malaysia, India, Japan, and the United States. The company offers Adyen platform that integrates gateway, risk management, processing, acquiring, and settlement of payments for directly connecting merchants to Visa, Mastercard, and other payment methods, as well as sales channels, including its merchants' online, mobile, and point-of-sale channels.

Read More: What is a back-end load?

The Fly

Analyst Recommendations for Adyen (OTCMKTS:ADYYF)

Receive News & Ratings for Adyen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adyen and related companies with's FREE daily email newsletter.