What Analysts Are Saying About Cognizant Tech Solns Stock
Portfolio Pulse from Benzinga Insights
Cognizant Tech Solns (NASDAQ:CTSH) has received mixed ratings from 9 analysts in the last three months, with an average 12-month price target of $72.89, reflecting a slight increase from the previous target of $72.50. Analysts have made various adjustments to their ratings and price targets, with some raising and others lowering their expectations. Cognizant is a global IT services provider with strong market capitalization, revenue growth, net margin, and ROA, but a lagging ROE and low debt-to-equity ratio.
January 04, 2024 | 5:00 pm
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Cognizant Tech Solns has received a range of analyst ratings, with an average 12-month price target of $72.89. The company shows strong financials with positive revenue growth and net margin, but a lower ROE compared to industry averages.
The mixed analyst ratings and slight increase in the average price target suggest a neutral short-term impact on CTSH stock. The strong financial indicators like revenue growth and net margin are positive, but the lower ROE may concern some investors. The overall impact is likely to be balanced, as the market digests both the positive and negative aspects of the analyst reports and company financials.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100