JPMorgan upgraded Cognizant to Neutral from Underweight with a price target of $77, up from $72. The analyst says the company’s “expectations bar seems low enough” against the progress on the CEO’s priorities. Cognizant’s recent large deal momentum coupled with a reasonably conservative outlook creates a better risk/reward profile, the analyst tells investors in a research note.
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 the top stocks recommended by analysts >>
Read More on CTSH:
- Early notable gainers among liquid option names on August 3rd
- Cognizant price target raised to $78 from $70 at BMO Capital
- Cognizant price target raised to $72 from $65 at Citi
- DXC Technology downgraded to Market Perform from Outperform at BMO Capital
- Cognizant expands generative AI partnership with Google Cloud