Needham analyst Mayank Tandon reiterated a Buy rating on Euronet Worldwide (NASDAQ:EEFT) on Wednesday, setting a price target of $165, which is approximately 22.39% above the present share price of $134.81.
Tandon expects Euronet Worldwide to post earnings per share (EPS) of -$0.16 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Euronet Worldwide, with an average price target of $165.
The analysts price targets range from a high of $165 to a low of $165.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $652.67 million and a net profit of $10.45 million. The company's market cap is $7.12 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.4% and a 65.03% success rate.
Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers. It operates through the following business segments: EFT Processing, Epay and Money Transfer. The EFT Processing sgement focuses in electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing, and merchant acquiring services. The Epay segment offers prepaid mobile airtime and other electronic content and payment processing services for various prepaid products, cards and services throughout its worldwide distribution network. The Money Transfer segment refers to money transfer services, primarily under the brand names Ria, AFEX Money Express, and IME, and global account-to-account money transfer services under the brand names HiFX and xe. The company was founded by Daniel R. Henry and Michael J. Brown in 1994 and is headquartered in Leawood, KS.