Adyen NV

ADYEN: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€1,923.00	Tqykh	Wbgtgcxn

Coronavirus Highlights Value of Adyen's Holistic Payment Solution; Fair Value Estimate Unchanged

Niklas Kammer

Oct 30, 2020

Adyen reported a short third quarter update including top line and volume figures. The development of Adyen during the coronavirus pandemic is supportive of our outlook on the group in general and its strong competitive position. We maintain our fair value estimate of EUR 1,100 per share and wide moat and positive trend rating.

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