We recently compiled a list of the Why These 15 Tech Stocks Are up the Most So Far in 2025. In this article, we are going to take a look at where Nayax Ltd. (NASDAQ:NYAX) stands against the other tech stocks.

Most tech stocks haven’t been doing well so far this year, but this isn’t a problem that all tech stocks face. The technology sector is broad, and there are always some stocks that still do well regardless of the broader market environment.

Many of these companies are leading the way in artificial intelligence, cloud computing, and cybersecurity. Their ability to adapt and launch new solutions has set them apart from the pack. For example, firms that reported robust growth in large customer contracts or unveiled breakthrough AI tools have seen their shares surge, even as industry giants have struggled with market volatility.

It’s worth looking into these winners if you’re looking for opportunities in this market.

Methodology

For this article, I screened the best-performing tech stocks year-to-date.

I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

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Nayax Ltd. (NASDAQ:NYAX)

Number of Hedge Fund Holders In Q4 2024: 3

Nayax Ltd. (NASDAQ:NYAX) is a global commerce payments and loyalty platform designed to help merchants scale their business.

The stock is up significantly so far in 2025 due to its impressive financial performance announced on March 4, 2025, where it reported full-year 2024 revenue of $314 million with recurring revenue growth of 47% year-over-year.

Nayax Ltd. (NASDAQ:NYAX) also provided bullish 2025 guidance with projected revenue of $410-425 million and adjusted EBITDA of $65-70 million due to strong confidence in continued growth. The company's free cash flow reached $18 million for the year, showing improved operational efficiency.

Another major catalyst for the stock's rise was the successful completion of a Notes and Warrants offering to classified investors in Israel. On March 7, 2025, Nayax announced it had accepted investor commitments totaling approximately $137.5 million in gross proceeds. These funds will be used for general corporate purposes, including debt repayment and potential acquisitions. It will give Nayax Ltd. (NASDAQ:NYAX) significant financial flexibility for future growth.

Plus, Nayax Ltd. (NASDAQ:NYAX) settled an investigation with the Israeli Competition Authority on February 3, 2025. That's regarding its 2022 acquisition of On Track Innovations. The settlement involved a payment of approximately $701,000 to the State Treasury and removed regulatory uncertainty.

The consensus price target of $34.75 implies 6.9% downside.

NYAX stock is up 27.97% year-to-date.

Overall NYAX ranks 15th on our list of the tech stocks that are up the most so far in 2025. While we acknowledge the potential of NYAX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NYAX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

  Disclosure: None. This article is originally published at  Insider Monkey.