Is Adyen Stock a Buy Now?
Adyen (OTC: ADYE.Y), the Dutch digital payments company that convinced eBay to ditch PayPal (NASDAQ: PYPL) back in 2018, lost nearly 40% of its market value over the past three months as rising interest rates sparked a grueling rotation away from higher-growth tech stocks.
PayPal's messy fourth-quarter report in early February exacerbated the pain by dragging down Adyen and its other fintech peers. But has Adyen's steep decline, which reset its valuations to more sustainable levels, made it a worthwhile investment for patient investors again?
Adyen provides an end-to-end platform for payments, data, and financial management services. Its software can be directly integrated into existing online, mobile, and in-store payment platforms with a few lines of code. That integration enables merchants to accept over 250 payment methods, including credit cards, debit cards, mobile wallets, and other payment apps.
Source Fool.com
