DXC.technology is an end-to-end services company headquartered in Tysons Corner, Virginia. DXC provides information technology and consulting services to businesses and governments. DXC Technology is focusing on the cyber business, cloud computing market and Big Data business. A significant portion of the company’s cyber business is contributed by the federal government and, to an extent, the commercial sector. The company mainly focuses on providing backup IT support to federal government departments, and some other companies. I like DXC's strategies, Big Data is very important and Cloud Computing will be the future for many companies. Last quarter, DXC's quarterly revenue growth is 229.40%. Crazy!!! JPMorgan Chase set a $114 target price. Zacks Investment Research set a $109 target price. Finstead Research set a $110 target price. Citigroup set a $126 target price. Do you think DXC is undervalued? Is now a good time to BUY?
It was definitely a good time to buy back in early 2016! I think that qrtly revenue growth looks a bit better than it is... since it's 3rd quarter (6.2bln) vs. previous year 3rd quarter (1.9bln). 1st quarter was also about 210% higher than the previous 4th quarter... 5.9 bln vs 1.9 bln, so basically since then they've had roughly the same sales each quarter... 3 quarters of 6 bln revenue. I don't know if it's over-/undervalued, but that 229.4% increase has already been discounted in the current price for a while.
I bought DXC in 2017. It increased a lot. Personal perspective. I think it will continue to increase, if you want to invest DXC, buy it now.
From the data, it is true that early 2016 is the best time. However, I already missed the previous opportunity to buy DXC, and I do not want to miss another one. And because DXC does many businesses for the Federal Government now, to some extent, the stock price will increase steadily.