trending Market Intelligence /marketintelligence/en/news-insights/trending/_rj9lvcpphry3w2w6qislg2 content esgSubNav
In This List

Goldman downgrades Euronet Worldwide to 'neutral'

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


Goldman downgrades Euronet Worldwide to 'neutral'

Equity research analyst James Schneider with Goldman Sachs & Co. LLC downgraded payment and transaction processing solutions provider Euronet Worldwide Inc. to "neutral" from "buy," citing uncertainty stemming from the European Commission's decision to cap currency conversion fees at ATMs.

The analyst lowered the 12-month price target on the company to $94 from $101, according to a June 11 report. Until more clarity is achieved around the new dynamic currency conversion regulations, Euronet's stock multiple will likely remain pressured, Schneider noted.

In the long term, Goldman sees "significant secular and idiosyncratic growth opportunities" for Euronet, particularly in the underserved markets of Eastern Europe and India.