DXC Technology (NYSE:DXC) Stock Price Target Raised at JPMorgan Chase & Co.

Key Points

• JPMorgan raised DXC Technology’s price target from $12 to $13 but maintained an “underweight” rating, indicating roughly 13% potential downside. The broader analyst consensus remains “Reduce,” with an average target of $12.06.
• DXC’s latest quarterly results exceeded expectations, with EPS of $0.67 versus the $0.55 estimate and revenue of $3.03 billion versus $2.98 billion. However, revenue declined 4.1% year over year and EPS fell from $0.84 in the prior-year quarter.
• Weak operating guidance continues to weigh on investor sentiment: management expects a 5%–5.5% organic revenue decline for the fiscal year while evaluating strategic actions. Institutional investors own approximately 96.2% of the stock.

DXC Technology (NYSE:DXC - Get Free Report) had its price target lifted by JPMorgan Chase & Co. from $12.00 to $13.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 13.23% from the company's current price.

Several other research analysts have also recently issued reports on the company. TD Cowen increased their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Susquehanna raised their price target on shares of DXC Technology from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday. Royal Bank Of Canada lowered their price objective on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, July 31st. Stifel Nicolaus lowered their price target on DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings raised DXC Technology from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $12.06.

DXC Technology Stock Down 1.6%

Shares of DXC stock traded down $0.25 during mid-day trading on Friday, reaching $14.98. 9,279,216 shares of the company's stock traded hands, compared to its average volume of 3,858,323. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The company's 50-day moving average price is $12.20 and its 200-day moving average price is $11.59. DXC Technology has a 12 month low of $7.90 and a 12 month high of $16.38. The company has a market cap of $2.39 billion, a P/E ratio of 21.40 and a beta of 0.79.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.12. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business's revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. On average, equities analysts expect that DXC Technology will post 2.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in DXC Technology by 61.1% in the first quarter. Bessemer Group Inc. now owns 3,680 shares of the company's stock worth $47,000 after purchasing an additional 1,395 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in DXC Technology by 289.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company's stock valued at $48,000 after buying an additional 3,266 shares during the last quarter. Covestor Ltd lifted its position in shares of DXC Technology by 31.2% during the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company's stock valued at $58,000 after acquiring an additional 1,570 shares during the period. Versant Capital Management Inc boosted its holdings in DXC Technology by 47.4% during the second quarter. Versant Capital Management Inc now owns 7,474 shares of the company's stock worth $66,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in DXC Technology in the 2nd quarter worth about $94,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology News Roundup

Here are the key news stories impacting DXC Technology this week:

• Positive Sentiment: Quarterly results exceeded expectations: DXC reported fiscal Q2 FY2027 non-GAAP EPS of $0.67, above the $0.55 consensus estimate, while revenue of $3.03 billion topped expectations of $2.98 billion. DXC Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Cash flow improved: First-half fiscal 2027 free cash flow rose to $405 million from $337 million a year earlier, and DXC repurchased $60 million of stock during the quarter. DXC Technology Reports Second Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Susquehanna raised its price target on DXC from $10 to $12 but maintained a “neutral” rating. The new target still implies roughly 20% downside from the referenced share price, signaling limited analyst confidence despite the higher valuation estimate. Susquehanna Raises DXC Price Target
• Negative Sentiment: Underlying operating trends remained weak: Revenue declined about 4% year over year to $3.03 billion, adjusted EBIT margin was 6.2%, and non-GAAP EPS fell 20.2% from the prior-year quarter. GAAP diluted EPS was $0.15. DXC Fiscal 2027 Second-Quarter Results
• Negative Sentiment: Management projected a 5% to 5.5% organic revenue decline for FY2027 while evaluating strategic actions, including insurance options. That outlook overshadowed the earnings and revenue beats and is the primary catalyst pressuring the stock. DXC Projects FY2027 Organic Revenue Decline

DXC Technology Company Profile

DXC Technology NYSE: DXC is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.

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