DA Davidson analyst Peter Heckmann raised his price target on Euronet to $165 and kept his Buy rating meeting with its management and participating in its institutional investor meeting. The analyst notes that while there was no material new information, the discussions affirmed his view of the company being "well-positioned to generate attractive growth in revenue and earnings over the next two years". Heckmann adds that Euronet is trading at a "relatively attractive" valuation of 11-times his expected FY20 EBITDA and his price target implies enterprise value of just under 13-times expected FY20 EBITDA vs. 14- to 15- times peer average multiple.