Stock Track | DXC Technology Plummets 5.09% Intraday Following Earnings Miss, Weak Guidance and Analyst Target Price Cut

Stock Track

05/11

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.

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