Barclays Maintains Equal-Weight on Cognizant Tech Solns, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on Cognizant Technology Solutions (CTSH) and increased the price target from $75 to $80.

January 23, 2024 | 1:14 pm
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Barclays has maintained an Equal-Weight rating on Cognizant Technology Solutions and raised the price target to $80, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive adjustment in the valuation of Cognizant Technology Solutions, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Equal-Weight rating suggests that Barclays views the stock as fairly valued at the current level, which may temper the impact of the price target increase.
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