Spin-Off Research Values NCR Voyix At $21 Per Share
- NCR Voyix reported solid 1Q24 results with a beat on revenue and Adj. EPS. - Revenues declined due to lower Retail & Restaurant revenues but software and services revenue grew. - NCR Voyix reaffirmed FY24 guidance, expecting total revenue of $3.6 to $3.7 billion. - Valuation estimates intrinsic value at $21.00 with a 'Buy' rating and 53.8% upside. - NCR Voyix is focused on converting customers to platforms for long-term growth. Price Impact Rating: bullish Impact Horizon Rating: long-term Type: Research Analysis
View signal analysis