Why NCR Stock Popped Today
Shares of NCR (NYSE: NCR) popped today, up by 12% as of 12:05 p.m. EST, after the company received a slew of bullish reiterations and price target increases. The analyst activity comes a day after the company hosted a virtual investor day event.
The fintech company, which provides financial software and payment services to numerous industries, highlighted how its business model has evolved in recent years to better align the company with the industries that it serves. NCR is shifting its banking business to an ATM-as-a-service subscription model that generates recurring revenue, while its retail segment leads in providing self-checkout services. NCR's platform also provides the hospitality sector with a comprehensive management platform that will keep expanding market share, according to management.
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Source Fool.com
