Here's What Wall Street Thinks About Euronet Worldwide, Inc. (EEFT)

​Euronet Worldwide, Inc. (NASDAQ:EEFT) is one of the Most Undervalued Fintech Stocks to Buy Now. On January 8, Wolfe Research downgraded Euronet Worldwide, Inc. (NASDAQ:EEFT) from Peer perform to Underperform, with a price target of $80. Earlier, on January 5, Monness downgraded the stock from Buy to Hold without disclosing any price targets.

​Analysts at Wolfe Research noted that the downgrade is based on concerns regarding the structural pressures for payment service providers. The firm believes that these pressures are limiting revenue growth for service providers. Wolfe noted that the company faces challenges in the European ATM business, where the cash-to-card conversion trend is rising. Moreover, the immigration headwinds also pose a threat to the company’s retail remittance business. The firm believes that these challenges raise concerns regarding Euronet Worldwide, Inc.’s (NASDAQ:EEFT) growth prospects, despite its previous execution in difficult markets.

​Similarly, Moness also raised concerns regarding the increasing pressure from independent channels. The firm added that the competitive pressure raises questions regarding the company’s long-term growth rates.

​Euronet Worldwide, Inc. (NASDAQ:EEFT) is a global financial technology company offering payment solutions across three segments: Electronic Funds Transfer (EFT), epay, and Money Transfer.

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Disclosure: None. This article is originally published at Insider Monkey.