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Wall Street Analysts Are Neutral on Top Technology Picks

Tipranks - Tipranks - Thu Jun 18, 2:54AM CDT

Analysts fell to the sidelines weighing in on Intel (INTC) and Cognizant (CTSH) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Intel (INTC)

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on Intel, with a price target of $128.00. The company’s shares closed last Tuesday at $117.05.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 88.9% and a 74.0% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Cerebras Systems, Inc. Class A, and Advanced Micro Devices. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $90.82 average price target, representing a -27.4% downside. In a report issued on June 1, Wells Fargo also maintained a Hold rating on the stock with a $110.00 price target.

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Cognizant (CTSH)

In a report released yesterday, Meha Pau from Berenberg Bank downgraded Cognizant to Hold, with a price target of $59.00. The company’s shares closed last Tuesday at $51.05.

According to TipRanks.com, Pau is ranked #10356 out of 12317 analysts.

Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $70.18, implying a 38.1% upside from current levels. 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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