Xerox stock price forecast given the company’s stable cash

Given the company’s stable cash reserves, analysts foresee increased R&D investments. The Xerox stock price forecast incorporates a growth premium if new service offerings gain traction. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing that stands out from these estimates is that shrinking revenues are expected to moderate over the period ending 2024 compared to the historical decline of 6.4% per annum over the past five years. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 4.8% annually. So while a broad number of companies are forecast to grow, unfortunately Xerox Holdings is expected to see its revenue affected worse than other companies in the industry. The document management and technology services provider posted a modest 0.1% year-over-year decline in revenue to $1.58 billion, slightly ahead of the consensus estimate of $1.55 billion . On a constant currency basis, revenue fell 1.1%.