10 Worst Performing IT Services Stocks to Buy According to Analysts

4. NCR Voyix Corp. (NYSE:VYX)

YTD Returns: -22%

Potential Upside: 48%

Number of Hedge Fund Holders: 32

NCR Voyix Corp. (NYSE:VYX) provides digital commerce solutions for retail stores and restaurants. Its offerings include platform-based software and services for retailers and restaurants, as well as payment acceptance solutions, multi-vendor connected device services, self-checkout kiosks and related technologies.

NCR Voyix Corp. (NYSE:VYX) announced a strategic transformation plan in August 2024 aimed at boosting revenue and earnings growth over the coming years. As part of this initiative, the company divested its Digital Banking business and implemented cost-cutting measures across various operations. However, despite these efforts, the stock has faced downward pressure, and meaningful progress has yet to materialize.

On February 27, the company reported its fourth-quarter 2024 earnings, posting a 14% year-over-year decline in revenue, while full-year revenue fell by 13%. The company posted an adjusted net loss per share of $0.13 for the year. Following the results, NCR Voyix Corp. (NYSE:VYX) shares dropped by 6%, bringing year-to-date losses to 22%.

In an effort to drive future growth, the company has entered into a five-year, non-exclusive partnership with Worldpay, a payment solutions provider, to enhance its payment capabilities for enterprise clients in the United States. According to NCR Voyix Corp. (NYSE:VYX), its U.S. customers processed over $500 billion in point-of-sale transactions in 2024, with the majority attributed to enterprise clients. Once integration is completed later this year, the company plans to extend these payment services to both new and existing customers.

Despite the recent challenges, analysts remain optimistic about the stock. Stifel Nicolaus analyst J. Parker Lane reaffirmed his Buy rating with a price target of $15, while D.A. Davidson analyst Matt Summerville also maintained a Buy rating, setting a price target of $17.