Stock Track | DXC Technology Plummets 5.09% Intraday Following Earnings Miss, Weak Guidance and Analyst Target Price Cut
Stock Track
May 11
DXC Technology Company's stock plummeted 5.09% during intraday trading on Monday, extending losses from the previous session.
The decline follows the company's report of mixed fourth-quarter financial results and the issuance of FY27 adjusted earnings per share (EPS) guidance that fell below analyst estimates, which had already triggered a significant sell-off.
Adding to the negative sentiment, BMO Capital Markets cut its price target on DXC Technology to $10 from $17, while maintaining a Market Perform rating on the stock. The substantial reduction in the price target reflects analyst concerns following the company's latest financial update.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.