Down 72% From Its Highs, Is Former Market Darling Adyen Stock Finally a Buy?
It is trading at its cheapest valuation multiple in history.
Overview
Although the broader market has soared amid the artificial intelligence (AI) boom, many stocks that were huge winners during the COVID-19 pandemic are still faltering. There may be no better example than Adyen (OTC: ADYEY). The payments giant is down 72% from its 2021 high, severely underperforming the market.
Investors are concerned about some slowing growth and a recent executive departure. However, if you look at the company's financial performance, you'll see it has created significant long-term value. Does that make this former market darling a buy in 2026?
Details
First, let's talk about the bad. In early 2026, Adyen revised its revenue growth outlook for the year to a range of 20% to 22%, which was below its initial projections and analyst expectations of closer to the mid-20s. The revision led to a sharp drop in the stock price.
Source
Originally published at www.fool.com.