Needham analyst Mayank Tandon maintained a Buy rating on NCR Voyix today and set a price target of $12.00.
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Mayank Tandon has given his Buy rating due to a combination of factors, including NCR Voyix’s stronger‑than‑expected fourth‑quarter performance and continued momentum in landing large enterprise customers. The company’s recent wins with major brands such as Chipotle for its Aloha platform and 7‑Eleven Philippines on the retail side highlight growing adoption of its upgraded solutions and support confidence in its long‑term growth prospects.
At the same time, Tandon views the softer initial FY26 EBITDA and EPS outlook as largely tied to temporary headwinds from the ODM hardware shift and restructuring expenses rather than a deterioration in the core business. Given that the shares trade at a relatively low multiple of roughly 4.5x EV/EBITDA on his FY27 forecast, he sees the current valuation as compelling versus the company’s earnings potential, justifying a Buy rating even as he trims the price target to $12.