These Analysts Increase Their Forecasts On Diebold Following Q3 Results

Author: Lisa Levin | November 10, 2023 02:12pm

Diebold Nixdorf Incorporated (NYSE:DBD) reported an increase in sales for the third quarter on Thursday.

Diebold reported third-quarter net sales of $943.4 million, which rose 16.4% Y/Y. Revenue increased by 17.1% on Non-GAAP basis to $943.3 million. The company registered an adjusted EBITDA of $109.1 million in Q3, higher than $75.6 million a year ago.

Diebold shares fell 3.2% to trade at $20.72 on Friday.

These analysts made changes to their price targets on Diebold following earnings announcement.

• Wedbush raised the price target on Diebold from $20 to $25. Wedbush analyst Matt Bryson maintained a Neutral rating.
• DA Davidson increased the price target on Diebold from $25 to $29. DA Davidson analyst Matthew Summerville upgraded the stock from Neutral to Buy.

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Posted In: DBD