Jefferies Upgrades Cognizant Tech Solns to Buy, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Surinder Thind has upgraded Cognizant Tech Solns (CTSH) from Hold to Buy and increased the price target from $70 to $85.

January 11, 2024 | 2:22 pm
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Cognizant Tech Solns was upgraded by Jefferies from Hold to Buy with a raised price target from $70 to $85, indicating a positive outlook on the stock.
Upgrades by analysts, especially from Hold to Buy, typically suggest a positive outlook on the company's performance and are often followed by increased investor interest. The raised price target from $70 to $85 by Jefferies reflects a significant expected upside, which could lead to a short-term increase in the stock price as the market reacts to this new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100