Financial technology company focused on serving the retail sector NCR Voyix ( VYX 0.47% ) A recent upbeat analysis report on the company at the beginning of the week helped drive the positive momentum in trading throughout the week. By early Friday morning, the company’s stock had surged over 15% for the week, based on data collected. S&P Global Market Intelligence is a financial information and analytics company. .
According to the analyst, the stock has the potential to increase by almost 50%.
The NCR Voyix bull was known for its strength and power. Oppenheimer Forecaster Ian Zaffino. Zaffino recently released a new analysis on the company, confirming his positive (buy) suggestion and price target NCR Voyix stock is currently priced at $19 per share, indicating a potential increase of 48% based on the latest closing share price.
Zaffino’s decision follows his company’s invitation of NCR Voyix David Wilkinson to speak at a technology industry event. At the conference, NCR Voyix’s senior executives extensively talked about the sale of the company’s digital banking division. Recently revealed, the agreement entails NCR Voyix selling this unit to Veritas Capital for a starting amount of $2.45 billion.
The analyst mentioned in a recent research report that the funds from the sale will significantly enhance the seller’s financial position. Additionally, according to the analyst, the seller will transform into a dominant player focused solely on the retail and restaurant industries.
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NCR Voyix revealed that partnering with Veritas is a strategic move to become a more efficient and targeted organization. Upon successful completion of the deal, NCR Voyix stands to receive an extra $100 million as part of the agreement. The company expects the transaction to be finalized by the end of the current year.
