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Investing.com - DA Davidson has reiterated its Buy rating and $60.00 price target on NCR (NYSE:VYX) Atleos Corp. (NYSE:NATL) following the company’s second-quarter 2025 results. With a current market capitalization of $2.39 billion, InvestingPro analysis suggests the stock is currently undervalued, while analyst targets range from $30 to $60.
The financial services company reported second-quarter revenue, adjusted operating profit, adjusted earnings per share, and free cash flow all exceeding DA Davidson’s expectations. Core revenue increased 4% year-over-year, with Self-Service Banking (SSB) and ATM-as-a-Service (ATMaaS) segments showing particular strength. The company maintains a healthy EBITDA of $850 million and trades at a P/E ratio of 17.74x, which InvestingPro data indicates is attractive relative to its growth prospects.
The ATMaaS segment grew its annual recurring revenue by 32% compared to the same period last year, while its as-a-Service backlog more than doubled year-over-year. Network sales declined by low single digits, which was generally in line with expectations, as continued footprint optimization efforts drove average revenue per user up 3% year-over-year.
NCR Atleos reaffirmed all aspects of its previous guidance for the fiscal year. The company also announced a new $200 million share repurchase authorization, representing approximately 10% of its current market capitalization.
DA Davidson maintained its $60 price target on NCR Atleos stock, reflecting its positive outlook on the company’s performance and strategic direction.
In other recent news, NCR Atleos Corporation announced an expanded partnership with FCTI, Inc. to supply thousands of new ATMs and terminal driving services across the United States. This agreement builds on a previous partnership that positioned FCTI as an ATM acquirer for Atleos’ Allpoint Network. Additionally, Lloyds Banking Group (LON:LLOY) selected NCR Atleos for a pilot program to modernize branch operations in Manchester and Glasgow by implementing ATM as a Service technology. This initiative aims to enhance branch efficiency by introducing advanced recycling technology and transaction processing services.
In another development, InComm Payments has integrated NCR Atleos’ ReadyCode API, enabling cardless cash withdrawals at over 23,000 ATMs nationwide. This service allows customers to withdraw cash using secure codes through existing applications. On the analyst front, Wedbush initiated coverage of NCR Atleos with an outperform rating, citing the company’s robust free cash flow generation. Meanwhile, DA Davidson reiterated its Buy rating on NCR Atleos, maintaining a price target of $60.00 per share after meetings with company executives.
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