Goldman Sachs kicked off coverage on NCR Voyix (NYSE: VYX) stock this Monday, issuing a Neutral rating with a price target of $14.00. This new target implies an 11% upside for the stock. Acknowledging the mixed performance across NCR Voyix’s Retail, Restaurants, and Digital Banking segments, the firm opted for a cautious stance.
Despite the challenges, Goldman Sachs sees potential for strategic initiatives that could drive shareholder value. The recent spin-off of its ATM business into NCR Atleos underscores the company’s readiness to explore avenues to benefit investors.
Trading at around 6 times its estimated 2024 EBITDA, NCR Voyix’s stock is deemed attractively priced by Goldman Sachs. The initiation of coverage and the price target establishment coincide with the company’s ongoing efforts to navigate its market environment and pursue strategic opportunities.
In its report, Goldman Sachs provides insights into NCR Voyix’s position and the potential impact of strategic moves on its market position. While recognizing the hurdles ahead, the Neutral rating suggests a balanced outlook on the stock’s future prospects.
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