In a report released yesterday, Bryan Keane from Deutsche Bank maintained a Buy rating on DXC Technology (DXC – Research Report), with a price target of $48.00. The company’s shares closed last Friday at $25.98, close to its 52-week low of $25.07.
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According to TipRanks.com, Keane is a 5-star analyst with an average return of 10.6% and a 63.4% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, AvidXchange Holdings, and Rackspace Technology.
Currently, the analyst consensus on DXC Technology is a Moderate Buy with an average price target of $37.11, a 42.6% upside from current levels. In a report issued on July 29, RBC Capital also maintained a Buy rating on the stock with a $39.00 price target.
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Based on DXC Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.01 billion and net profit of $530 million. In comparison, last year the company earned revenue of $4.39 billion and had a GAAP net loss of $798 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). The GBS segment provides technology solutions that help clients address challenges and accelerates the digital transformations that is tailored to each client’s specific objectives. The GIS segment offers to deliver predictable outcomes and measurable results, while reducing business risk and operational costs for clients. The USPS segment delivers IT services and business solutions to all levels of government in the United States. The company was founded on 19th May, 2016 and is headquartered in Tysons, VA.
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