StocksMedium•7 October 2026•
1 min read
Jefferies Reinstates Nayax Coverage with Buy Rating and $68.30 Target
Key Facts
1Jefferies reinstated coverage on Nayax Ltd. with a Buy rating and a $68.30 price target.
2The company completed a $350 million cash acquisition of IPS Group, a smart-parking technology provider.
3Nayax is expanding into U.S. fuel retail and partnering with Getnet for self-service kiosks in Latin America and Iberia.
Jefferies reinstated coverage on Nayax Ltd. with a Buy rating and a price target of $68.30, Financial Modeling Prep reported. The reinstatement follows the company's completion of a $350 million cash acquisition of IPS Group, a provider of smart-parking technology, aimed at diversifying its mobility and payment service offerings.
The company is also expanding into the U.S. fuel retail market and has partnered with Getnet to support self-service kiosks across Latin America and Iberia. NYAX closed at $48.30 on October 6, 2026, with the session seeing a trading range between $47.96 and $48.92.