Analyst Mayank Tandon of Needham maintained a Buy rating on NCR Voyix, retaining the price target of $15.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight NCR Voyix’s improved execution and potential for growth. Despite a year-over-year revenue decline of approximately 8% due to softer hardware sales and installations, the company demonstrated strength in its SaaS segment with a 6.8% increase in annual recurring revenue (ARR) and a 16% rise in platform sites to 78,000.
Tandon is optimistic about the company’s reaffirmed full-year FY25 guidance, considering it potentially conservative in light of the second-quarter outperformance and robust ARR growth trends. Furthermore, with the stock trading at a relatively low valuation of about 6 times the enterprise value to EBITDA based on FY26 estimates, Tandon sees an attractive risk-reward opportunity, justifying the Buy rating and a target price of $15.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VYX in relation to earlier this year.