Bank of America raised Cognizant Technology Solutions' rating to "Neutral" with a $75.00 target.

Bank of America raised its rating on Cognizant Technology Solutions (CTSH) to "Neutral" and set a $75.00 price target. The company reported Q2 EPS of $1.17, surpassing analysts' estimates by $0.05, and has a market cap of $37 billion. CEO Ravi Kumar Singisetti sold 6,728 shares at an average price of $73.66. Cognizant Technology Solutions' institutional investors own 92.44% of the company's stock. Nine major financial institutions have published research reports, with Citigroup lowering its target price to $82.00 and Bank of America raising it to $75.00.

August 10, 2024
3 Articles