ADYEY - Adyen: With Our Predictions Confirmed What's Next?
2024-02-20 15:37:15 ET
Summary
- Adyen's stock price jumped 26% on the H2 2023 earnings release. We examine the earnings to explain why.
- The company saw revenue growth of 23% YoY, beating expectations, and expects mid-to-high 20s revenue growth in the coming years.
- Adyen's countercyclical hiring strategy during the pandemic has proven successful and should bear fruit in 2025 and 2026.
- We look at Adyen's competitive advantage over other payment platforms such as PayPal.
- We look at the valuation. Is the stock still attractive now after the 130% surge since October?
Introduction
On August 22, 2023, I wrote an article here on this wonderful platform that I was buying Adyen ( OTCPK:ADYEY ) ( OTCPK:ADYYF ) with both hands .
That happens almost never, as I usually invest very carefully. I mainly invest in high-growth stocks, and those can be very volatile, both in price and fundamentals.
Some commenters find it amusing to point out my losing picks. That's not necessary. If you invest in high-growth stocks, you'll always be wrong more in the number of picks than if you invest in mega caps. But those that pay off, pay off in a huge way and compensate for all the losers and still allow me to do better than the index....
Adyen: With Our Predictions Confirmed, What's Next?