Needham & Company LLC Increases Euronet Worldwide (NASDAQ:EEFT) Price Target to $120.00

Euronet Worldwide (NASDAQ:EEFTGet Free Report) had its target price raised by stock analysts at Needham & Company LLC from $115.00 to $120.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s target price indicates a potential upside of 18.71% from the stock’s current price.

EEFT has been the topic of several other research reports. DA Davidson dropped their price objective on Euronet Worldwide from $134.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Truist Financial increased their target price on shares of Euronet Worldwide from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Read Our Latest Research Report on Euronet Worldwide

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $101.09 on Wednesday. The firm has a market capitalization of $4.66 billion, a PE ratio of 18.72 and a beta of 1.40. The business’s fifty day moving average price is $98.41 and its 200 day moving average price is $88.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.38 and a quick ratio of 1.38. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a return on equity of 24.01% and a net margin of 7.79%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that Euronet Worldwide will post 6.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Euronet Worldwide by 17.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after acquiring an additional 548,457 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in Euronet Worldwide by 18.5% in the 1st quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock worth $359,818,000 after buying an additional 431,262 shares in the last quarter. Capital Research Global Investors lifted its holdings in Euronet Worldwide by 10.2% in the 1st quarter. Capital Research Global Investors now owns 1,122,002 shares of the business services provider’s stock worth $146,029,000 after buying an additional 103,786 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in Euronet Worldwide by 48.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock worth $84,912,000 after buying an additional 349,720 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Euronet Worldwide by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 734,693 shares of the business services provider’s stock worth $86,231,000 after buying an additional 36,425 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Euronet Worldwide Company Profile

(Get Free Report)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer.The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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