Nayax price target raised to $35 from $28 at Barclays

Barclays raised the firm’s price target on Nayax (NYAX) to $35 from $28 and keeps an Equal Weight rating on the shares following “lighter-than-expected” Q4 earnings. Drivers of the miss include point of sale device revenues of $26M and, potentially, managed/connected device growth decelerating, according to the firm. Barclays added that headwinds were partly offset by a 2.89% transaction take rate and adjusted EBITDA beat.