These Analysts Increase Their Forecasts On Diebold Following Q3 Results
Portfolio Pulse from Lisa Levin
Diebold Nixdorf Incorporated (NYSE:DBD) reported a 16.4% Y/Y increase in Q3 net sales to $943.4 million, with a Non-GAAP revenue rise of 17.1% to $943.3 million. Adjusted EBITDA was $109.1 million, up from $75.6 million a year ago. Despite the positive results, DBD shares fell 3.2% to $20.72. Analysts from Wedbush and DA Davidson raised their price targets on DBD, with Wedbush maintaining a Neutral rating and DA Davidson upgrading to Buy.
November 10, 2023 | 6:12 pm
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Diebold Nixdorf reported strong Q3 results with significant sales growth and increased EBITDA. However, the stock price dropped post-announcement. Analysts have raised price targets, indicating a positive outlook.
Despite the short-term stock price decline, the positive earnings report and increased price targets from analysts suggest a potential rebound and positive short-term impact on DBD's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100