DXC Technology Company (DXC) Gets a Hold Rating from Cantor Fitzgerald


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on DXC Technology Company (NYSE: DXC), with a price target of $87. The company’s shares opened today at $89.30, close to its 52-week high of $93.28.

Foresi said:

“. We maintain our Neutral rating on DXC and lower our 12-month PT to $87 from $97. We continue to look for signs pointing to consistent organic growth. DXC’s results missed top-line projections, but topped non-GAAP EPS estimates, as solid margin expansion continued. Revenues fell by low-single digits organically in constant currency (cc). We will continue to evaluate the projected targets and look for signs of a return to organic growth.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.2% and a 85.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Exlservice Holdings.

DXC Technology Company has an analyst consensus of Moderate Buy, with a price target consensus of $100.50.

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The company has a one-year high of $93.28 and a one-year low of $68.91. Currently, DXC Technology Company has an average volume of 2.31M.

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).

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