Short Term Price Target on Cognizant Technology Solutions Corporation (CTSH)

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) : The most positive equity analysts on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) expects the shares to touch $79, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $69.67 with an expected fluctuation of $3.02 from the mean.

Cognizant Technology Solutions Corporation has lost 8.71% in the last five trading days and dropped 6.36% in the last 4 weeks. Cognizant Technology Solutions Corporation has dropped 9.32% during the last 3-month period . Year-to-Date the stock performance stands at -4.63%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) : 18 analysts are covering Cognizant Technology Solutions Corporation (NASDAQ:CTSH) and their average rating on the stock is 1.28, which is read as a Strong Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.37 and $56.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.24, notching a gain of 0.26% for the day. The total traded volume was 5,863,116 . The stock had closed at $57.09 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, had unloaded 8,018 shares at an average price of $61.13 in a transaction dated on June 20, 2016. The total value of the transaction was worth $490,140.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.