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Analysts Offer Insights on Technology Companies: Cognizant (CTSH) and Paychex (PAYX)

Tipranks - Tipranks - Thu Jun 25, 4:52PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Cognizant (CTSH) and Paychex (PAYX).

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Cognizant (CTSH)

William Blair analyst Maggie Nolan maintained a Buy rating on Cognizant today. The company’s shares closed last Wednesday at $41.44.

According to TipRanks.com, Nolan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.3% and a 32.5% success rate. Nolan covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Grid Dynamics Holdings, and Exlservice Holdings. ;'>

Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $69.06, which is a 68.6% upside from current levels. In a report issued on June 15, Jefferies also maintained a Buy rating on the stock with a $65.00 price target.

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Paychex (PAYX)

In a report released today, Jared Levine from TD Cowen maintained a Hold rating on Paychex, with a price target of $98.00. The company’s shares closed last Wednesday at $96.30.

According to TipRanks.com, Levine has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.6% and a 30.4% success rate. Levine covers the Technology sector, focusing on stocks such as Navan, Inc. Class A, Bill.com Holdings, and Paylocity. ;'>

Currently, the analyst consensus on Paychex is a Hold with an average price target of $105.75, representing a 7.1% upside. In a report issued on June 12, BMO Capital also maintained a Hold rating on the stock with a $103.00 price target.

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