In a report released today, Mayank Tandon from Needham maintained a Buy rating on NCR Voyix, with a 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 potential for growth and profitability. The company’s leadership, under CEO Jim Kelly, is focusing on launching innovative cloud-native products tailored for both retail and restaurant sectors. Additionally, they are implementing strategic price increases and exploring substantial opportunities in the payments sector, which are expected to drive revenue growth.
Furthermore, Tandon notes that the company’s shares are currently trading at an attractive valuation of approximately 6x EV/EBITDA based on fiscal year 2026 estimates. This valuation, coupled with a clear path towards a stronger financial profile, presents a compelling risk-reward scenario. As a result, Tandon maintains a Buy rating, expressing confidence in the company’s ability to enhance its growth and profitability metrics over time.