Needham Keeps Their Buy Rating on Euronet Worldwide (EEFT)

Needham analyst Mayank Tandon reiterated a Buy rating on Euronet Worldwide today and set a price target of $85.00.

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Tandon covers the Technology sector, focusing on stocks such as Par Technology, Globant SA, and Agilysys. According to TipRanks, Tandon has an average return of -3.9% and a 36.87% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euronet Worldwide with a $88.33 average price target.

Based on Euronet Worldwide’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $37.5 million. In comparison, last year the company earned a revenue of $915.5 million and had a net profit of $38.4 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EEFT in relation to earlier this year. Earlier this month, Adam J Godderz, an Insider at EEFT sold 345.00 shares for a total of $24,850.35.