Nayax

NYAX · TEL

$48.47−$0.70 (−1.42%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $49.17

NYAX analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 4 analysts

Average $0.2544 (−99.5% downside)

Low: $0.223
Now: $48.47
High: $0.2919

Upgrades and downgrades

The latest rating actions, newest first

NYAX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Oct 7, 2026	Initiates	Buy	$68.30	—
Keefe, Bruyette & Woods	Aug 14, 2026	Upgrade	Market Perform → Outperform	$75.00	54%
Barclays	Aug 11, 2026	Maintains	Equal-Weight	$75.00 → $68.00	51%
Barclays	Jul 8, 2026	Initiates	Equal-Weight	$75.00	51%
UBS	Jun 24, 2026	Maintains	Neutral	$68.00 → $75.00	18%
UBS	May 13, 2026	Maintains	Neutral	$55.00 → $68.00	18%
Keefe, Bruyette & Woods	May 13, 2026	Maintains	Market Perform	$60.00 → $75.00	54%
Keefe, Bruyette & Woods	Mar 10, 2026	Maintains	Market Perform	$52.00 → $60.00	54%
Keefe, Bruyette & Woods	Jan 2, 2026	Maintains	Market Perform	$47.00 → $52.00	54%
UBS	Nov 21, 2025	Maintains	Neutral	$43.00 → $48.00	18%

The case for and against

Updated Oct 31, 2025

Bull case

Nayax Ltd has demonstrated substantial financial improvement, with hardware margins expanding nearly 13 percentage points year-over-year, indicating enhanced profitability in their hardware segment. Management's forecast of over 25% organic revenue growth for FY25, coupled with expectations for hardware gross margins to reach the 30-35% range, suggests a robust trajectory for revenue and profitability. Additionally, the company is well-positioned to benefit from strong secular tailwinds specific to the unattended commerce sector, further reinforcing a positive outlook for its financial performance.

Bear case

Nayax Ltd operates within a challenging payments industry characterized by macroeconomic pressures such as inflation, potential recession, and increased competition, which may adversely affect growth prospects. The company’s reliance on a limited number of suppliers for hardware and the potential slowdown in discretionary spending could further exacerbate its vulnerability to downturns in the market. Additionally, the stagnation in transaction value growth between the third and fourth quarters indicates a concerning trend for Nayax’s financial performance and overall market position.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.