William Blair analyst Christopher Kennedy has reiterated their bullish stance on NYAX stock, giving a Buy rating yesterday.
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Christopher Kennedy has given his Buy rating due to a combination of factors that highlight Nayax’s promising growth trajectory and financial outlook. Despite slightly underperforming in device sales for the June quarter, Nayax’s management has maintained its 2025 guidance and long-term outlook. The company has shown a commendable organic growth rate of 20%, with expectations of further acceleration in the latter half of the year. Profitability is on an upward trend, with adjusted EBITDA margins improving significantly compared to previous years.
Furthermore, Nayax’s shares are trading at a premium, which Kennedy believes is justified by the company’s rapid growth and extensive global reach. The guidance for 2025 projects a revenue growth of 30%-35%, with substantial contributions from organic growth and mergers and acquisitions. Nayax’s strategic partnerships and expansion into OEM/ODM channels, particularly with its UNO mini device, further bolster its growth prospects. These factors collectively support Kennedy’s positive outlook and Buy rating for Nayax’s stock.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a ILA17,128.00 price target.