HomeMarket NewsSmall CapsDiebold Nixdorf Sees Strong Q3 Results, Analysts Upbeat on Future Growth

Diebold Nixdorf Sees Strong Q3 Results, Analysts Upbeat on Future Growth

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Diebold Nixdorf Incorporated (NYSE: DBD) reported a noteworthy surge in sales for the third quarter on Thursday, with net sales reaching $943.4 million, marking a robust 16.4% year-over-year increase. Revenue, on a non-GAAP basis, also experienced a substantial uptick, climbing by 17.1% to $943.3 million. Additionally, the company posted an adjusted EBITDA of $109.1 million in Q3, a significant rise from $75.6 million in the corresponding period last year.

Despite the promising financial performance, Diebold’s stock saw a 3.2% dip, reaching $20.72 on Friday.

Following the earnings announcement, several analysts revised their price targets on Diebold, reflecting their optimistic outlook on the company’s future prospects:

  • Wedbush raised Diebold’s price target from $20 to $25. Wedbush analyst Matt Bryson, while maintaining a Neutral rating, acknowledged the potential for growth.
  • DA Davidson increased its price target on Diebold from $25 to $29 and upgraded the stock from Neutral to Buy, as analyst Matthew Summerville expressed confidence in the company’s trajectory.

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