NCR Atleos jumps as investor sees 270% upside

NCR Atleos (NYSE:NATL) soared 15% after an investor forecast 270% upside for shares of the ATM and digital banking company to $100 a share. 

"We believe NATL is worth $100/share at 13x FY27 EPS of $7.7, 270% upside from current levels,"  investment firm Alta Fox wrote in a presentation released on Thursday. "With the taxable spin-off window now closed, we believe a strategic sale could become a potential outcome if a re-rating does not materialize in the medium term."

Alta Fox argues that if the company continues to deleverage its balance sheet and initiate share repurchases, the stock could re-rate as investors acknowledge NCR Atleos's earnings owner. 

The Alta Fox presentation comes as NCR Atleos shares had plunged 21% before today.