Jefferies keeps EUR 1,233 target for Adyen stock

Published on 10/21/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adyen's first-half revenue rose 19.00 percent to EUR 1.3 billion. Adyen stock costs EUR 922.35 on October 21, 2026, 0.20 percent below Xetra close.

Analyst view and operating scale

Jefferies kept its EUR 1,233.00 target and Buy rating on October 20, 2026.
Adyen reported first-half 2026 net revenue growth of 19.00 percent to EUR 1.3 billion.
Adyen stock trades at EUR 922.35 at 9:30 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.20 percent below the Xetra close of October 20, 2026.
Adyen's next business update is scheduled for October 28, 2026.

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Adyen (ISIN NL0012969182) was trading at EUR 922.35 at Lang & Schwarz on October 21, 2026 at 9:30 a.m. CEST, down 0.20 percent versus the Xetra close of October 20, 2026 at EUR 924.20. Jefferies kept its Buy rating and EUR 1,233.00 target for the stock on October 20, 2026, according to MarketScreener.

Three milestones shape the setup

On August 13, 2026, Adyen reported first-half net revenue of EUR 1.3 billion, up 19.00 percent year over year, while EBITDA reached EUR 642.00 million with a 49.00 percent margin, as reported by Benzinga.

On October 7, 2026, shareholders approved Chris Vogelzang's appointment to the Supervisory Board, and Herna Verhagen was named to become chair on November 1, 2026, according to Adyen. On October 20, 2026, Jefferies kept its EUR 1,233.00 target and Buy rating.

What does the margin mean?

The operating picture combines 19.00 percent first-half revenue growth with a 49.00 percent EBITDA margin. Adyen's underlying margin was 50.00 percent excluding one-time transaction costs, while full-year 2026 net revenue growth guidance stood at 21.00 percent to 23.00 percent on a constant-currency basis, according to Benzinga. The counter-factor is investment: management expects full-year capital spending at 7.00 percent of net revenue as infrastructure spending moves forward.

Which dates matter next?

Adyen's investor-relations calendar lists October 28, 2026 for the third-quarter business update, according to Adyen. The governance change follows on November 1, 2026, when Herna Verhagen is scheduled to become Supervisory Board chair.

Stock stays below the target

Jefferies' EUR 1,233.00 target stands above the Lang & Schwarz price, while the upcoming October 28 update will test whether the 21.00 percent to 23.00 percent revenue outlook remains supported by operating momentum. Adyen stock was trading at EUR 922.35 at Lang & Schwarz on October 21, 2026 at 9:30 a.m. CEST, 0.20 percent below the Xetra close of October 20, 2026 at EUR 924.20. The further course of trading is shown by the continuously updated real-time quote of Adyen stock.