William Blair analyst Christopher Kennedy has reiterated their bullish stance on NYAX stock, giving a Buy rating on March 2.
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Christopher Kennedy has given his Buy rating due to a combination of factors tied to Nayax’s strong fundamentals and outlook. He highlights that the company is delivering robust growth, with 2026 guidance and his own EBITDA forecasts pointing to sustained expansion, which he views as sufficient to justify the stock’s valuation premium versus peers.
He also points to Nayax’s competitive position, noting its global reach, large installed base, and exposure to fast-growing unattended payment verticals that support high-teens to mid-20s organic growth. Improving margins, rising free cash flow conversion, and management’s confidence in ambitious long-term revenue targets further reinforce his conviction that the shares can continue to perform well.
Kennedy covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Euronet Worldwide, and Fidelity National Info. According to TipRanks, Kennedy has an average return of -7.8% and a 37.86% success rate on recommended stocks.
In another report released on March 2, B. Riley Securities also maintained a Buy rating on the stock with a $66.00 price target.