9 Cheap New Stocks to Buy According to Analysts

3. NCR Atleos Corporation (NYSE:NATL)

Forward P/E Ratio as of June 13: 6.7

Number of Hedge Fund Holders: 30

Average Upside Potential as of June 13: 40.79%

NCR Atleos Corporation (NYSE:NATL) is one of the 11 cheap new stocks to buy according to analysts. On June 5, NCR Atleos announced the extension of its collaboration with Morrisons Daily, which is a prominent convenience retailer operating 900 stores across England, Scotland, and Wales. This continued partnership ensures that Morrisons Daily customers will have reliable and secure access to cash through Atleos’ Cashzone Network, which supplies over £100 million in cash to shoppers monthly.

The Trading Director for Morrisons Daily, Michael Weightman, noted that NCR Atleos has been a dependable provider for over 25 years and that the company’s modern technology enables Morrisons Daily to participate in the UK’s Cash Access initiatives, which reinforces its commitment to local communities.

The Executive Vice President at Global Sales for Atleos, Diego Navarrete, highlighted that the Cashzone Network ATMs will be present in 900+ Morrisons Daily convenience stores across the UK. He also noted that this partnership allows leading retailers like Morrisons Daily to offer a secure and high-availability network and quickly implement the latest self-service innovations.

NCR Atleos Corporation (NYSE:NATL) is a financial technology company that provides self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers.