Jefferies upgraded Cognizant to Buy from Hold with a price target of $85, up from $70. While the firm remains cautious in the near-term as discretionary spending at clients remains a headwind, management has “shown it can execute” and the firm believes the company can get to a high single digit revenue growth in 2025 on a run-rate basis, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CTSH: