RBC Capital lowered the firm’s price target on DXC Technology (DXC) to $18 from $27 and keeps a Sector Perform rating on the shares. The company reported a solid quarter with revenue and EPS above estimates, as well as showing improvement in its book-to-bill, though given an uncertain macro and its mix towards larger products, coupled with call outs of a weaker April in consumer and retail, DXC’s guidance underwhelmed, causing a negative reaction to the shares, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DXC:
- DXC Technology price target lowered to $15 from $24 at Stifel
- DXC Technology price target lowered to $16 from $22 at Morgan Stanley
- Cautious Outlook for DXC Technology Amid Slower Growth Projections and Economic Pressures
- DXC Technology Reports Mixed Fiscal 2025 Results
- Cautious Hold Rating for DXC Technology Amid Transition Challenges and Investment Needs