Does NCR Atleos (NATL) have what it takes to be a top stock pick for momentum investors? Let's find out.
NCR Atleos (NATL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
NATL, SCSC and UNTY made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 6, 2024.
Goldman Sachs analyst George Tong raised the firm's price target on NCR Atleos to $33 from $29 and keeps a Neutral rating on the shares. The company reported solid Q3 results that included revenue, EBITDA margin and EPS outperformance relative to the firm's estimates and consensus, along with an increase to FY24 EPS guide, the analyst tells investors in a research note. NCR is continuing to forge ahead with its ATMaaS strategy, as evidenced by robust 23% y/y growth in ATMaaS revenue to reach 7% of Self-Service Banking segment revenue in Q3, also pivoting more to an ATMaaS-light strategy whereby more software and services are bundled and sold to larger banks without hardware sales, which is leading to less capex intensity and faster implementation times, Goldman added.
NCR Atleos Corporation (NYSE:NATL ) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Brendan Metrano - Head of IR Tim Oliver - CEO Paul Campbell - CFO Conference Call Participants Matt Summerville - D.A. Davidson Shlomo Rosenbaum - Stifel George Tong - Goldman Sachs Chris Senyek - Wolfe Research Operator Please stand by.
Shares of NCR Atleos Corp (NATL, Financial) fell 3.41% in mid-day trading on Oct 2. The stock reached an intraday low of $27.16, down from its previous close of $28.12.