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Cognizant (CTSH): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Fri Feb 6, 6:26AM CST

Guggenheim analyst Jonathan Lee CFA reiterated a Buy rating on Cognizant today and set a price target of $100.00.

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According to TipRanks, Lee CFA is an analyst with an average return of -17.9% and a 32.14% success rate. Lee CFA covers the Technology sector, focusing on stocks such as Cognizant, Kyndryl Holdings Incorporation, and TTEC Holdings.

In addition to Guggenheim, Cognizant also received a Buy from William Blair’s Maggie Nolan in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Cognizant (NASDAQ: CTSH).

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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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