Analysts Maintain Bullish Outlook for Adyen Ahead of Earnings

As Adyen NV prepares to release its latest financial figures, the payments processor continues to garner significant analyst support. This confidence stands in contrast to recent share price weakness and a notable shift in sentiment among some speculative investors.

Market experts at two major institutions have recently reinforced their constructive views. UBS reiterated its "Buy" recommendation this past Wednesday, attaching a price target of 2,000 euros to the stock. Analysts at the Swiss bank see substantial upside from current trading levels.

Echoing this optimism, Jefferies analyst Hannes Leitner provided a favorable preview for the second half of 2025. His research indicates that net revenue could come in slightly ahead of the trajectory implied by the company's fourth-quarter outlook.

Should investors sell immediately? Or is it worth buying Adyen NV?

Share Price Faces Sector-Wide Headwinds

Despite these endorsements, Adyen's equity faced selling pressure at the end of the last trading week. On the Euronext Amsterdam exchange, shares closed at approximately 1,253.40 euros, marking a decline of 2.6% for the session. Observers attributed the drop to broad-based volatility within the technology sector. Concerns over rising capital expenditures in artificial intelligence, which also weighed on giants like Microsoft, have created a challenging environment for high-growth tech stocks recently.

Speculative Bets Rise in the United States

While European analysts highlight the investment case, a different narrative is emerging stateside. Short interest in Adyen's American Depositary Receipts (ADRs) surged by 94.3% during the first half of January. The number of shares sold short jumped from 162,475 to 315,711 units. Although this figure represents only a fraction of the average daily trading volume, the sharp increase suggests that certain market participants are positioning for near-term price volatility.

All eyes are now on February 12, 2026, when Adyen will publish its official results. The market's focus will be squarely on whether the revenue strength anticipated by analysts materializes and how the company navigates the current margin pressures affecting the broader technology landscape.