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News  ›  The Motley Fool

Why Leonardo DRS Stock Was Tumbling on Thursday

The Motley Fool Logo The Motley Fool • •By Eric Volkman
Why Leonardo DRS Stock Was Tumbling on Thursday

Leonardo DRS experienced a stock decline of nearly 6% after two analysts reduced their price targets following the company's Q3 earnings report, despite beating consensus revenue and earnings numbers.

Insights
IONQ   negative

Described as a pure-play quantum computing company with high risk of potential failure and stock price dropping to zero


DRS   negative

Stock dropped 6% due to analyst price target cuts and market perception that earnings did not fully meet heightened expectations for defense stocks