BMO Capital analyst Keith Bachman maintains $DXC Technology (DXC.US)$ with a hold rating, and adjusts the target price from $22 to $25.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 12.3% 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 second quarter performance was mixed, exhibiting a less robust Global Business Services segment, yet displaying robustness in margins. The company is perceived to be at the nascent stages of an extensive turnaround, and sentiments are buoyed by the mention of an expanded senior leadership team and enhanced engagements with clients.
The analyst notes that DXC Technology has achieved higher than anticipated revenue and earnings for the quarter, considering the management's emphasis on execution amidst ongoing macroeconomic demand challenges affecting discretionary projects.
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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