NCR Voyix (VYX) PT Lowered to $12 at Stifel

Stifel analyst Lane Parker lowered the price target on NCR Voyix (NYSE: VYX) to $12.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "Results remained noisy this quarter with the beat driven by hardware, and recurring metrics coming in a touch lighter than recent periods. Still, commentary on the call around VCP progress remained positive, including notes of over 20 customer contracts already signed and confidence around building on the company's backlog, which is expected to lead to revenue acceleration in 2H26 and beyond. Looking ahead to 2026, we continue to point investors towards recurring revenue & ARR growth, VCP adoption trends, and EBITDA dollar growth as key metrics, and believe we can see the company exit the year at low-to-mid-single-digit pro-forma growth as the VCP story, among other initiatives around making revenue streams more recurring, plays out. We maintain our Buy Rating. TP to $12."

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