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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