Why Are DXC Tech Shares Surging Today?

Analysts remained optimistic on DXC Technology Co DXC post Q3 earnings.
The Q3 revenue of $4.09 billion, down 4.6% year-on-year, missed the consensus of $4.1 billion. Adjusted EPS of $0.92 beat the consensus of $0.91.
Citi analyst Ashwin Shirvaikar calls DXC Technology a top value idea in IT services and keeps a Buy rating on the shares with a $45 price target. The price target implies an upside of 46.6%.
While DXC's Q3 headline numbers were a tad above expectations, the big positive news is the "foundational clean-up at the company," Shirvaikar tells investors in a research note.
Cowen cut the price target to $45 from $50.
Price Action: DXC shares traded higher by 11.6% at $34.26 on the last check Thursday.

Momentum18.49

Growth83.50

QualityNot Available

Value90.61

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Medium

Long

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