Nayax Raises Price Target to $75 After Tellus EV Charging Deal
NYAX•Nayax partnered with Tellus Power to integrate EV charging station deployment with its payment and management platform. UBS maintained a Neutral rating but lifted its price target to $75 from $68 as Nayax shows a P/E ratio of 84.81, debt-to-equity of 1.42 and current ratio of 2.15.
1. Partnership with Tellus Power
Nayax partnered with Tellus Power to simplify deployment of commercial electric vehicle charging stations by integrating Tellus Power’s chargers with Nayax’s payment and management platform in a single, unified solution for operators.
2. Financial Metrics Overview
The company’s valuation and liquidity profile shows a price-to-earnings ratio of 84.81, a debt-to-equity ratio of 1.42 and a current ratio of 2.15, indicating strong growth expectations alongside sufficient short-term asset coverage.
3. UBS Rating and Price Target
UBS maintained its Neutral rating on Nayax while raising the price target from $68 to $75, implying roughly 16% upside from the stock’s $64.79 trading level at the time of the update.
