Stephens analyst Charles Nabhan raised the firm’s price target on NCR Voyix (VYX) to $15 from $12 and keeps an Overweight rating on the shares. While the firm acknowledges churn in restaurant and demand in retail as risks, it is “encouraged” by signs of progress under new CEO Jim Kelly and sees ample runway for platform conversion, the analyst tells investors. The firm’s constructive view is based on the platform conversion strategy and opportunity in payments, facilitated by the Worldpay partnership, which should drive mid-single digit growth by 2027/28 as well as multiple expansion, the analyst added.
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