UBS raises Nayax stock price target to $43 on strong execution

Investing.com - UBS raised its price target on Nayax (NASDAQ:NYAX), a $1.59 billion payment solutions provider with impressive 29.63% revenue growth over the last twelve months, to $43.00 from $39.00 while maintaining a Neutral rating on the stock.

The price target increase represents a multiple of approximately 6.5 times the firm’s 2026 estimated gross profit, up from the previous multiple of about 6 times. According to InvestingPro data, the stock is currently trading near Fair Value, with analyst targets ranging from $39 to $58.

UBS cited Nayax’s strong execution in growth verticals, particularly in electric vehicle charging, as a key factor for the higher valuation multiple.

The firm also noted continued outperformance on gross margins as contributing to its more positive outlook for the payment solutions provider.

UBS revised its gross profit forecasts for Nayax upward to $193 million for 2025 (from $191 million) and to $253 million for 2026 (from $247 million), attributing the increases to higher margins and foreign exchange benefits.

In other recent news, Nayax Ltd. has announced its Annual General Meeting of Shareholders, set for July 16, 2025, at its headquarters in Herzliya, Israel. Shareholders will have the opportunity to vote on various proposals, with details provided in the Notice and Proxy Statement filed with the SEC. Additionally, Nayax has entered into a strategic partnership with Lynkwell, a North American energy infrastructure provider, to enhance the electric vehicle charging infrastructure in the United States and Canada. This collaboration will integrate Nayax’s payment solutions with Lynkwell’s charging stations, aiming to deliver a comprehensive charging solution.

In analyst updates, Keefe, Bruyette & Woods raised Nayax’s stock price target from $38 to $40, maintaining a Market Perform rating. The firm expressed confidence in Nayax’s growth potential, noting positive indicators despite some risks. The analyst also highlighted expectations for accelerated growth rates for the remainder of 2025, raising the earnings per share forecast for the year. These developments reflect Nayax’s ongoing efforts to expand its market presence and enhance its financial performance.

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