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Analysts Offer Insights on Technology Companies: Apple (AAPL) and Cognizant (CTSH)

Tipranks - Tipranks - Tue Mar 24, 5:42AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Apple (AAPL) and Cognizant (CTSH) with bullish sentiments.

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Apple (AAPL)

In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on Apple, with a price target of $320.00. The company’s shares closed last Friday at $247.99, close to its 52-week high of $260.10.

According to TipRanks.com, Mohan is a top 100 analyst with an average return of 29.4% and a 61.8% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings. ;'>

Apple has an analyst consensus of Moderate Buy, with a price target consensus of $304.40, a 22.8% upside from current levels. In a report issued on March 8, Citi also maintained a Buy rating on the stock with a $315.00 price target.

See today’s best-performing stocks on TipRanks >>

Cognizant (CTSH)

Wells Fargo analyst Jason Kupferberg maintained a Buy rating on Cognizant today and set a price target of $118.00. The company’s shares closed last Friday at $62.07.

According to TipRanks.com, Kupferberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.8% and a 45.5% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Automatic Data Processing, and Jack Henry & Associates. ;'>

Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $91.77.

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