Adyen stock has fallen 72% from its 2021 high, with a 42% drop year to date, after the payments giant revised its 2026 revenue growth outlook to 20% to 22%, below earlier projections, and its chief financial officer resigned unexpectedly in May. Wall Street analysts downgraded the stock in early June over pricing concerns for European enterprise clients. Despite the slowdown, net revenue rose 20% year over year in constant currency last quarter and has grown at a 37% annual rate since 2016. Adyen aims to reach an EBITDA margin of 55% by 2028, which on projected revenue of $4.8 billion would yield $2.64 billion in EBITDA, giving a forward earnings ratio of 11 against its current market cap of nearly $30 billion.
Adyen NVRevenue growth outlook cut to 20-22%, CFO resigned, analysts downgraded on pricing concerns
NVIDIA Corporation