Analysts Set Euronet Worldwide Target Price at $117.60 Amid Stock Ratings Shift

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received an average rating of “Moderate Buy” from analysts covering the stock. According to MarketBeat, seven ratings firms have provided insights, with two analysts recommending a hold and five advocating for a buy. The consensus 12-month price target for Euronet Worldwide stands at $117.60.

Several analysts have recently updated their positions on Euronet Worldwide. Notably, Keefe, Bruyette & Woods revised their price target from $100.00 to $95.00 and assigned a “market perform” rating in a report dated October 24, 2023. Conversely, DA Davidson reaffirmed a “buy” rating with a target price of $130.00 on September 12, 2023. Other adjustments included Weiss Ratings, which maintained a “hold (c-)” rating, and Wall Street Zen, which downgraded the stock from a “buy” to a “hold” on October 18, 2023. Meanwhile, Oppenheimer adjusted its price target from $134.00 to $133.00 while keeping an “outperform” rating.

Recent Earnings Performance

Euronet Worldwide recently reported quarterly earnings on October 23, 2023. The business services provider achieved earnings per share of $3.62, exceeding the consensus estimate of $3.58 by $0.04. Despite a net margin of 7.27% and a return on equity of 27.63%, the company’s revenue for the quarter reached $1.15 billion, falling short of analysts’ expectations of $1.20 billion. The company’s revenue increased by 4.2% compared to the same quarter last year, when it reported earnings per share of $3.03. For fiscal year 2025, Euronet Worldwide has set an earnings forecast between $9.640 and $9.990 EPS.

Institutional Investor Activity

Recent trading activity indicates a significant interest from institutional investors in Euronet Worldwide. American Century Companies Inc. increased its holdings by 29.7% in the third quarter, acquiring an additional 399,263 shares, bringing its total to 1,741,996 shares valued at approximately $152.97 million. Similarly, Voss Capital LP boosted its stake by 66.5%, now holding 1,340,000 shares worth around $117.67 million after purchasing an additional 535,000 shares.

Other notable increases include AQR Capital Management LLC, which raised its position by 131.9% in the second quarter, amassing 1,308,267 shares valued at $132.63 million. Burgundy Asset Management Ltd. also increased its stake by 3.9%, acquiring 1,217,631 shares valued at approximately $123.44 million. Additionally, Van Berkom & Associates Inc. raised its holdings by 7.0%, now owning 1,105,348 shares worth around $97.06 million. Overall, institutional investors and hedge funds currently control 91.60% of the stock.

Euronet Worldwide, Inc. specializes in payment and transaction processing solutions for financial institutions, retailers, service providers, and individual consumers globally. The company operates through three main segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment offers electronic payment solutions, including automated teller machine (ATM) services, ATM network participation, and merchant acquiring services.

As analysts continue to assess Euronet Worldwide, the interplay between earnings performance and institutional investment will be critical in shaping market perceptions and stock valuations in the coming months.