NCR Voyix price target raised to $18 from $16 at Oppenheimer

Oppenheimer raised the firm’s price target on NCR Voyix (VYX) to $18 from $16 and keeps an Outperform rating on the shares. New CEO Jim Kelly has identified several opportunities to drive growth. These include the monetization of transactions on its POS system; introduction of price escalators on services/software, and on professional services; and new cloud-based platform products to grow subscription revenues and margins. The firm believes the first two initiatives are the most immediate/near term, and could add more than $200M to EBITDA over time. In addition, NCR Voyix has taken meaningful cost actions, which should drive margins higher in Q4 2025.