Stifel analyst David Grossman maintains $DXC Technology (DXC.US)$ with a hold rating, and adjusts the target price from $19 to $24.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DXC Technology (DXC.US)$'s main analysts recently are as follows:
DXC Technology's Q2 outcomes were described as 'mixed,' with the Global Business Services segment not meeting expectations, yet the company showed a noteworthy performance in terms of margins. The company is considered to be at the initial stages of an extensive turnaround. Positive sentiments were expressed regarding the expansion of senior leadership and the progression of customer discussions.
Despite the ongoing macro-related demand pressures on discretionary projects, DXC Technology has demonstrated an ability to surpass expectations for both revenue and earnings in the quarter, which is indicative of the management team's strong focus on execution.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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