NCR Atleos initiated with a Buy at Compass Point

Compass Point analyst Dominick Gabriele last night initiated coverage of NCR Atleos (NATL) with a Buy rating and $57 price target The company’s market positioning is “arguably the strongest of peers” and best positioned to capture a demand shift for managed and ATM as a service products, the analyst tells investors in a research note. The firm says the consensus doesn’t believe NCR’s strategy, given expectations for 2025 through 2027 “are too low,” leading to upside in free cash flow and a possible mid-year 2025 share buyback plan. The company’s “significant” free cash flow is undervalued by the market and miss-modeled by the Street, contends Compass Point.