On Tuesday, NCR Voyix (NYSE: NYSE:VYX) received a positive outlook from Stifel, as the firm began its coverage with a Buy rating and a price target of $16.00. The initiation is based on a valuation that applies a 7.6x EV/EBITDA multiple to the company's forecasted financials for fiscal year 2025.
The firm's analysis suggests confidence in NCR Voyix's solid customer base within the retail and restaurant sectors. This strong foundation is expected to support both customer retention and the acquisition of new business. The company's recent corporate restructure, which involved the separation from Atleos, is viewed as a strategic move that could further propel growth with a sharpened focus on core operations.
Stifel's assessment highlights the potential for NCR Voyix to leverage its market position and the recent organizational changes to enhance its business prospects. The $16 price target reflects this optimism and indicates a positive trajectory for the company's stock value.
The endorsement from Stifel comes as NCR Voyix continues to navigate the competitive landscape of technology solutions for commerce. With an established presence and strategic moves aimed at refining its business model, the company is positioned for potential growth in the eyes of the analyst firm.
In other recent news, NCR Voyix Corporation launched Aloha Pay-At-Table, a service aimed at streamlining dining payments, which has been beneficial to servers and restaurant operators. Meanwhile, NCR Atleos Corporation reported strong Q1 earnings and revenue that surpassed analyst expectations, with a robust 6% year-over-year growth. However, NCR Voyix had its price target cut to $19 by RBC Capital, despite maintaining an Outperform rating.
In addition to these developments, NCR Voyix reported steady Q1 2024 financials, with growth in normalized software and services revenue. Despite a decline in hardware revenue, the company remains committed to its growth strategy. These recent developments reflect the ongoing strategic efforts by both NCR Voyix and NCR Atleos to optimize their operations and financial performance.
RBC Capital's revised price target for NCR Voyix reflects the company's recent performance and near-term prospects. It is important to note that these updates are based on recent developments and do not provide a comprehensive view of the companies' overall financial health or future expectations.
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