Wall Street analysts are cautious on the stock of DKSC Technology, with a consensus rating of Hold and a price target of $18.28. Despite this, the company may decide to remain independent and continue its cost-cutting efforts while aiming for future growth.

DKSC Technology has been facing challenges in terms of sales growth due to macroeconomic headwinds affecting IT spending. Over the past two fiscal years, DXC’s revenue has declined, and the company expects an organic revenue decline of 4-6% for fiscal 2025. In response to these challenges, DKSC is focusing on cost cutting, restructuring and considering the sale of its insurance software division for over 2 billion dollars.

Rumors have emerged that Apollo Global Management and Kindril Holdings are in advanced talks to jointly bid for the DXC technology. The potential offer could value DXC between $22 and $25 per share, a significant premium to its closing price of $16.55. If successful, this acquisition would likely help DXC overcome its current sales growth challenges and potentially unlock new opportunities for expansion.

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