NCR Voyix Plunges 21.19% as Analysts Cut Targets

NCR Voyix (VYX) experienced a significant decline, dropping 5.79% over the past four days, with a cumulative loss of 21.19%. The share price hit a record low today, with an intraday decline of 7.48%.

The recent downturn in NCR Voyix's stock price can be attributed to several factors. Goldman Sachs Group lowered their target price on NCR Voyix from $13.00 to $11.00 and maintained a "neutral" rating on the stock as of April 4. This adjustment reflects a more cautious outlook and could have affected investor sentiment, leading to a decrease in the stock price. Additionally, analysts reduced the price target on NCR Voyix to $9 from $16, which likely contributed to the downward pressure on the stock price.