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Cognizant Technology Solutions (CTSH) Stock Forecast & Price Target

Cognizant Technology Solutions logo
$78.71 +1.14 (+1.47%)
(As of 11/21/2024 ET)

Cognizant Technology Solutions - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
16
Buy
3

Based on 20 Wall Street analysts who have issued ratings for Cognizant Technology Solutions in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 1 has given a sell rating, 16 have given a hold rating, and 3 have given a buy rating for CTSH.

Consensus Price Target

$79.47
0.97% Upside
According to the 20 analysts' twelve-month price targets for Cognizant Technology Solutions, the average price target is $79.47. The highest price target for CTSH is $90.00, while the lowest price target for CTSH is $67.00. The average price target represents a forecasted upside of 0.97% from the current price of $78.71.
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CTSH Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
16 Hold rating(s)
18 Hold rating(s)
16 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$79.47$77.58$76.06$68.94
Forecasted Upside0.97% Upside1.98% Upside-0.81% Downside-2.74% Downside
Consensus Rating
Hold
Hold
Hold
Hold

CTSH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CTSH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cognizant Technology Solutions Stock vs. The Competition

TypeCognizant Technology SolutionsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.10
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside0.97% Upside546.81% Upside8.53% Upside
News Sentiment Rating
Positive News

See Recent CTSH News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024Mizuho
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$83.00 ➝ $84.00+13.41%
10/31/2024TD Cowen
4 of 5 stars
 Boost TargetHold ➝ Hold$75.00 ➝ $76.00+0.52%
10/31/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingHold
10/31/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$78.00 ➝ $80.00+7.60%
10/22/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$70.00 ➝ $80.00+5.29%
9/12/2024The Goldman Sachs Group
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J. Schneider
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Reiterated RatingNeutral ➝ Neutral$76.00 ➝ $76.00+0.46%
9/6/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$82.00 ➝ $89.00+17.06%
8/28/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$81.00 ➝ $82.00+6.29%
8/28/2024Jefferies Financial Group
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 Initiated CoverageBuy ➝ Buy$90.00+16.66%
8/27/2024Daiwa America
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L. Miscioscia
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UpgradeHold
8/7/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$73.00 ➝ $75.00+3.23%
7/23/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$75.00 ➝ $80.00+6.44%
5/2/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$85.00+28.98%
5/2/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$80.00 ➝ $78.00+19.32%
4/30/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$85.00 ➝ $77.00+15.74%
4/22/2024Citigroup
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 Lower TargetBuy ➝ Buy$90.00 ➝ $82.00+21.12%
3/26/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$65.00 ➝ $70.00-3.07%
3/19/2024Guggenheim
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 Initiated CoverageNeutral$80.00+6.54%
1/5/2024Societe Generale
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 Reiterated RatingHold ➝ Sell$67.00-8.96%
1/4/2024Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
11/16/2023Redburn Atlantic
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 Initiated CoverageNeutral$68.00-0.60%
11/7/2023UBS Group
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 Initiated CoverageNeutral$70.00+5.61%
11/2/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$68.00 ➝ $65.00+2.12%
5/4/202351job
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 Reiterated RatingReiterates
5/4/2023HSBC
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 UpgradeHold ➝ Buy$75.00+19.35%
1/19/2023Moffett Nathanson
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 DowngradeMarket Perform ➝ Underperform$70.00 ➝ $60.00-1.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:03 AM ET.


Should I Buy Cognizant Technology Solutions Stock? CTSH Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Cognizant Technology Solutions pros and cons to contact@marketbeat.com.

Cognizant Technology Solutions
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Cognizant Technology Solutions Co.:

  • Cognizant Technology Solutions Co. reported a higher-than-expected EPS for the quarter, indicating strong financial performance.
  • The company has a solid return on equity of 17.31%, showcasing efficient utilization of shareholder funds.
  • Analysts forecast a positive earnings per share of 4.62 for the current fiscal year, indicating growth potential.
  • Cognizant Technology Solutions Co. pays a quarterly dividend with a yield of 1.58%, providing investors with a steady income stream.
  • Recent analyst ratings have been generally positive, with some analysts giving a "buy" rating, suggesting confidence in the company's future prospects.

Cognizant Technology Solutions
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Cognizant Technology Solutions Co. for these reasons:

  • The company's revenue for the quarter was down .7% year-over-year, indicating a slight decline in business performance.
  • Insider selling activity, such as the CEO selling shares, may raise concerns about management's confidence in the company's future.
  • While the dividend payout ratio is reasonable at 28.85%, investors may seek higher dividend yields elsewhere.
  • Some analysts have issued a "hold" rating on the stock, suggesting a lack of consensus on the company's future growth trajectory.
  • Market average price target of $77.44 may indicate limited upside potential for the stock in the near term.

CTSH Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognizant Technology Solutions is $79.47, with a high forecast of $90.00 and a low forecast of $67.00.

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last twelve months. There is currently 1 sell rating, 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CTSH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTSH, but not buy additional shares or sell existing shares.

According to analysts, Cognizant Technology Solutions's stock has a predicted upside of 0.97% based on their 12-month stock forecasts.

Over the previous 90 days, Cognizant Technology Solutions's stock had 1 upgrade by analysts.

Analysts like Cognizant Technology Solutions less than other "computer and technology" companies. The consensus rating for Cognizant Technology Solutions is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CTSH compares to other companies.


This page (NASDAQ:CTSH) was last updated on 11/22/2024 by MarketBeat.com Staff
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