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Analysts Have Conflicting Sentiments on These Technology Companies: Cognizant (CTSH), Palladyne AI Corp (PDYN) and Adobe (ADBE)

Tipranks - Tipranks - Tue Jun 9, 2:36PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cognizant (CTSH), Palladyne AI Corp (PDYN) and Adobe (ADBE).

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Cognizant (CTSH)

Mizuho Securities analyst Sean Kennedy maintained a Hold rating on Cognizant today. The company’s shares closed last Monday at $53.27.

According to TipRanks.com, Kennedy ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -25.7% and a 10.3% success rate. Kennedy covers the Technology sector, focusing on stocks such as Epam Systems, Fair Isaac, and Globant SA. ;'>

Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $71.41, representing a 33.3% upside. In a report issued on June 1, Truist Financial also initiated coverage with a Hold rating on the stock with a $66.00 price target.

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Palladyne AI Corp (PDYN)

In a report released today, Brian Kinstlinger from Alliance Global Partners reiterated a Buy rating on Palladyne AI Corp, with a price target of $12.00. The company’s shares closed last Monday at $7.11.

According to TipRanks.com, Kinstlinger is a 5-star analyst with an average return of 15.7% and a 46.6% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., Priority Technology Holdings, and BOS Better Online Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palladyne AI Corp with a $11.25 average price target, representing a 51.6% upside. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $15.00 price target.

Adobe (ADBE)

In a report released today, Gregg Moskowitz from Mizuho Securities reiterated a Hold rating on Adobe, with a price target of $270.00. The company’s shares closed last Monday at $246.03.

According to TipRanks.com, Moskowitz is a 4-star analyst with an average return of 5.1% and a 55.2% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Palantir Technologies, CrowdStrike Holdings, and Rubrik, Inc. Class A. ;'>

Adobe has an analyst consensus of Moderate Buy, with a price target consensus of $321.32, a 29.0% upside from current levels. In a report issued on June 4, Barclays also maintained a Hold rating on the stock with a $275.00 price target.

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