Brokers raise Adyen's price target after strong H1
** Brokers raise price target on Adyen ADYEN.AS after the digital payments firm beat H1 earnings expectations and confirmed mid-term guidance, tempering investor concerns
** Susquehanna ups PT by 6% to 1,400 euros, Citi by nearly 3% to 1,750 euros, Barclays by 1.6% to 1,610 euros, and TD Cowen by 0.1% to 1,620 euros
** Adyen trades at about 1,286 euros per share
** "Q2 beat provided reassurance to the market amidst consumer spending concerns, while comments on the call helped alleviate concerns/provide confidence on H2 growth (and exit rate into FY25), recent pricing dynamics and the recovery in margins," says Citi
** Susquehanna echoes management's comments about pricing not being a problem in North America because customers are willing to pay more for Adyen's services
** "In line 1H revenue w/ stable take rate & stronger EBITDA was more than enough to allay Street concerns & we expect confident posture to drive follow-through" - TD Cowen
** Berenberg believes Adyen's recovery will continue towards the high end of its mid-term guidance, while margins will improve
** Degroof Petercam however cuts PT by 10% to 1,250 euros, saying Adyen's future growth "should eventually level off"
** Out of 33 analysts that cover Adyen, 24 rate it "strong buy" or "buy", eight "hold" and one "sell"
Reporting by Olivier Sorgho
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