Is Adyen Stock a Buy Now?
Adyen (OTC: ADYE.Y) benefited tremendously from the COVID-19 pandemic, as digital payments activity took off. The shares skyrocketed 400% in roughly the two years leading up to their all-time high in late 2021. But things have cooled down since then in a more normalized economic backdrop.
The shares remain 45% off their peak. Things are trending in the right direction, though, and the stock has surged about 65% since early August. Does the momentum make the fintech stock a buy now?
The payments sector can be hard to keep track of. There are many companies all jockeying for a position to handle greater payment volume. Whether it's Visa, Mastercard, PayPal, or Block, for example, it can be difficult to figure out how a business fits into the bigger picture.
Source Fool.com
