Cognizant Technology Solutions Corporation (CTSH) Receives Price Target

Cognizant Technology Solutions Corporation (CTSH) : Average target price received by Cognizant Technology Solutions Corporation (CTSH) is $67.33 with an expected standard deviation of $2.16. The most aggressive target on the stock is $70, whereas the most downbeat target is $62. 15 financial analysts are currently covering the stock.

Cognizant Technology Solutions Corporation (CTSH) : Zacks Investment Research ranks Cognizant Technology Solutions Corporation (CTSH) as 4, which is a Sell recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.39, which indicates as a Strong Buy.


Also, In the latest statement by the brokerage house, Nomura downgrades its outlook on Cognizant Technology Solutions Corporation (NASDAQ:CTSH). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 8, 2016.

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 $57.75 and $56.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.59, notching a gain of 0.26% for the day. The total traded volume was 3,352,440 . The stock had closed at $57.44 on the previous day.

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.

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