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Analysts Are Neutral on Top Technology Stocks: Automatic Data Processing (ADP), Cognizant (CTSH)

Analysts fell to the sidelines weighing in on Automatic Data Processing (ADPResearch Report), Cognizant (CTSHResearch Report) and Garmin (GRMNResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Automatic Data Processing (ADP)

Morgan Stanley analyst James Faucette maintained a Hold rating on Automatic Data Processing today and set a price target of $245.00. The company’s shares closed last Thursday at $238.14.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 10.2% and a 70.0% success rate. Faucette covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, SS&C Technologies Holdings, and Jack Henry & Associates.

Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $237.00, which is a 0.9% upside from current levels. In a report released today, Cowen & Co. also maintained a Hold rating on the stock with a $230.00 price target.

See the top stocks recommended by analysts >>

Cognizant (CTSH)

In a report released today, Rayna Kumar from UBS maintained a Hold rating on Cognizant, with a price target of $76.00. The company’s shares closed last Thursday at $66.81, close to its 52-week low of $63.26.

According to TipRanks.com, Kumar is ranked #6435 out of 7966 analysts.

Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $79.53, implying a 22.3% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $77.00 price target.

Garmin (GRMN)

In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on Garmin, with a price target of $96.00. The company’s shares closed last Thursday at $97.31, close to its 52-week low of $92.31.

According to TipRanks.com, Woodring has 0 stars on 0-5 stars ranking scale with an average return of -18.4% and a 52.2% success rate. Woodring covers the Technology sector, focusing on stocks such as International Business Machines, Resideo Technologies, and Dell Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Garmin with a $141.33 average price target.

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Read More on ADP:

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