Needham Maintains Buy on NCR Voyix, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on NCR Voyix (VYX) but lowers the price target from $22 to $20.

March 01, 2024 | 12:25 pm
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NEUTRAL IMPACT
Needham maintains a Buy rating on NCR Voyix but lowers the price target from $22 to $20.
The adjustment in price target by Needham reflects a nuanced view on NCR Voyix's valuation, suggesting a positive outlook albeit with moderated expectations. The Buy rating indicates continued confidence in the company's prospects, while the lowered price target may reflect adjustments in market conditions or company performance metrics. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target against the backdrop of sustained endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100