Euronet price target raised to $115 from $95 at Truist

Truist raised the firm’s price target on Euronet to $115 from $95 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. Despite the two disappointing summer travel seasons considering the company’s strong competitive position, the “death-of-cash narrative” is overblown, Truist added, stating that investors will likely appreciate more consistent annual EPS guidance.