Should You Buy Adyen Stock While It's 50% Below Its All-Time High?

Adyen (OTC: ADYE.Y) gained a lot of attention in 2018 when eBay (NASDAQ: EBAY) chose the Dutch payment processor to replace PayPal (NASDAQ: PYPL) as its preferred payment platform. That transition, which lasted through 2023, generated strong tailwinds for Adyen and rough headwinds for PayPal.The bulls initially embraced Adyen, and its over-the-counter (OTC) shares closed at a split-adjusted high of $32.74 on Aug. 24, 2021. But today, it trades more than 50% below that level at about $16. It lost its luster as its growth cooled off in a tougher macro environment, and rising interest rates compressed its valuations. So, does Adyen's stock represent a buying opportunity at these levels?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool