Brokerage Firm Rating Update on Cognizant Technology Solutions Corporation (CTSH)

Cognizant Technology Solutions Corporation (CTSH) : 13 brokerage houses believe that Cognizant Technology Solutions Corporation (CTSH) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cognizant Technology Solutions Corporation (CTSH). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 18 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.39.

Cognizant Technology Solutions Corporation (CTSH) : The consensus price target for Cognizant Technology Solutions Corporation (CTSH) is $67.33 for the short term with a standard deviation of $2.16. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $70, however, the pessimist price target for the company is $62.


For the current week, the company shares have a recommendation consensus of Buy. Also, Nomura downgrades their rating on the shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 8, 2016.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): stock was range-bound between the intraday low of $58.22 and the intraday high of $59 after having opened at $58.69 on Wednesdays session. The stock finally closed in the red at $58.69, a loss of -0.48%. The stock remained in the red for the whole trading day. The total traded volume was 3,824,743 shares. The stock failed to cross $59 in Wednesdays trading. The stocks closing price on Thursday was $58.66.

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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