UBS Keeps Their Hold Rating on Cognizant (CTSH)
In a report released on December 12, Kevin Mcveigh from UBS maintained a Hold rating on Cognizant, with a price target of $85.00. The company’s shares closed last Friday at $83.94.
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According to TipRanks, Mcveigh is a 4-star analyst with an average return of 4.7% and a 56.38% success rate. Mcveigh covers the Industrials sector, focusing on stocks such as Equifax, Robert Half, and Thomson Reuters.
In addition to UBS, Cognizant also received a Hold from Citi’s Bryan Keane in a report issued on December 4. However, on December 9, TR | OpenAI – 4o reiterated a Buy rating on Cognizant (NASDAQ: CTSH).
Based on Cognizant’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.42 billion and a net profit of $274 million. In comparison, last year the company earned a revenue of $5.04 billion and had a net profit of $582 million
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