Analysts Raise Cognizant Price Target to $65.17 With Buy Consensus Intact
Wall Street analysts slightly adjusted their 12-month outlook for Cognizant Technology Solutions Corporation (CTSH), raising the average price target from $64.83 to $65.17 per share. Estimates from 23 analysts span a wide range, with lower targets at $47 and higher forecasts reaching $82. Based on the October 16 closing price, the revised average target suggests roughly 1% downside. The stock recently traded at $66.79 per share, up 1.15% for the session.
Despite the average price target sitting slightly below recent trading levels, overall sentiment among covering analysts remains constructive. Out of 32 analysts covering the IT services provider, 15 issue a Buy rating while 17 recommend holding the stock. Notably, no analysts currently carry a Sell rating, keeping the consensus recommendation in Buy territory.
Investors will be watching whether upcoming quarterly operational results and corporate IT spending trends push analyst price targets higher toward the upper $82 estimate or lower toward the $47 floor.
Key points
- Analysts raised the average 12-month price target for Cognizant Technology Solutions Corporation (CTSH) from $64.83 to $65.17 per share.
- Individual price target forecasts range from a low of $47 to a high of $82 per share across 23 analyst estimates.
- The updated average price target implied approximately 1% potential downside based on the October 16 closing price.
- Out of 32 covering analysts, 15 rate the stock a Buy, 17 rate it a Hold, and zero rate it a Sell, maintaining a Buy consensus.
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What is the updated average price target for Cognizant stock?
The average 12-month price target for Cognizant Technology Solutions Corporation was raised from $64.83 to $65.17 per share based on estimates from 23 analysts.
What is the analyst consensus rating for Cognizant Technology Solutions Corporation?
The overall consensus recommendation remains a Buy among 32 covering analysts, consisting of 15 Buy ratings, 17 Hold ratings, and zero Sell ratings.
What is the range of analyst price targets for CTSH?
Price target forecasts for Cognizant range from a low of $47 per share to a high of $82 per share.