Morgan Stanley Reiterates a Buy Rating on DXC Technology Company (DXC)
In a report released today, James Faucette from Morgan Stanley reiterated a Buy rating on DXC Technology Company (DXC), with a price target of $35.00. The company’s shares closed last Monday at $17.41, close to its 52-week low of $15.11.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 11.8% and a 74.4% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Fidelity National Info, and Global Payments.
Currently, the analyst consensus on DXC Technology Company is a Moderate Buy with an average price target of $41.00.
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Based on DXC Technology Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.02 billion and net profit of $82 million. In comparison, last year the company earned revenue of $5.18 billion and had a net profit of $462 million.
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DXC Technology Co. provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).