TD Cowen raised the firm’s price target on Cognizant (CTSH) to $79 from $77 and keeps a Hold rating on the shares. The firm said they posted a relatively solid 1Q that was better than many feared, despite some mixed dynamics such as bookings, gross margins and headcount. 2Q revenues and affirmed CY25 CC growth land above Street as does raised EPS guide.
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Read More on CTSH:
- Cognizant’s Strong Q1 Performance and Strategic Deals Signal Positive Outlook
- Cognizant price target raised to $82 from $78 at Baird
- Cognizant upgraded to Positive from Neutral at Susquehanna
- Cognizant’s Strong Start and Strategic Initiatives Balanced by Economic Uncertainties: Hold Rating
- Susquehanna upgrades Cognizant to Positive, sees growth as durable