CFRA analyst David Holt maintained a Buy rating on DXC Technology Company (NYSE: DXC) on July 28 and set a price target of $105. The company’s shares opened today at $86.10.
Holt wrote:
“Reflecting the merger with Services (HPE 16 ***), FY 18 saw a large lift to revenue growth. Looking to FY 19, revenues will reflect the absence of the Sector (USPS) business contribution (~$2.8B) from its spin-off, which was made official on June 1, 2018. Ultimately, we think DXC’s efforts in remixing revenues towards a higher cut of digital (grew 22% in Mar-Q) will prompt a return to growth, as momentum with new partners (90 new logo deals above $1M in value) continues to build.”
DXC Technology Company has an analyst consensus of Moderate Buy, with a price target consensus of $102.33.
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The company has a one-year high of $93.28 and a one-year low of $66.83. Currently, DXC Technology Company has an average volume of 2.25M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.
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DXC Technology Co. provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS), Global Infrastructure Services (GIS) and United States Public Sector (USPS).
