Assessing Cognizant Tech Solns: Insights From 9 Financial Analysts
Portfolio Pulse from Benzinga Insights
Nine financial analysts have recently updated their ratings on Cognizant Tech Solns (NASDAQ:CTSH), showing a mix of bullish to bearish sentiments. The average 12-month price target for CTSH has been raised to $81.22, indicating a 6.41% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $67.00 to $90.00. Cognizant's financial performance shows a slight revenue decline but strong profitability metrics, suggesting a mixed financial outlook.
March 19, 2024 | 9:00 pm
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Cognizant Tech Solns has received mixed analyst ratings with an updated average price target of $81.22, reflecting a 6.41% increase. Despite a revenue decline, profitability remains strong.
The mixed analyst ratings with a higher average price target suggest optimism about Cognizant's future stock performance, despite recent revenue challenges. The strong profitability metrics, such as net margin and ROA, indicate the company's effective cost control and asset utilization, which could positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100