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New Buy Rating for Cognizant (CTSH), the Technology Giant

Tipranks - Tipranks - Sat Feb 21, 5:56AM CST

In a report released yesterday, Jason Kupferberg from Wells Fargo maintained a Buy rating on Cognizant, with a price target of $98.00. The company’s shares closed yesterday at $64.99.

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According to TipRanks, Kupferberg is an analyst with an average return of -6.0% and a 46.41% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Accenture, and Epam Systems.

In addition to Wells Fargo, Cognizant also received a Buy from TipRanks – PerPlexity’s PerPlexity Information Technology Services in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Cognizant (NASDAQ: CTSH).

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Based on Cognizant’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.33 billion and a net profit of $648 million. In comparison, last year the company earned a revenue of $5.08 billion and had a net profit of $546 million

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