Cognizant Technology Solutions (CTSH) Stock Forecast & Price Target

$79.54 +0.68 (+0.86%)

(As of 11/22/2024 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

Hold

Based on 20 Analyst Ratings

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
-0.09% Downside

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 downside of -0.09% from the current price of $79.54.

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CTSH Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
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 Upside	-0.09% Downside	3.63% Upside	-0.81% Downside	-3.14% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Cognizant Technology Solutions Stock vs. The Competition

Type	Cognizant Technology Solutions	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.10	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-0.09% Downside	543.93% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent CTSH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	Mizuho 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$83.00 ➝ $84.00	+13.41%
10/31/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$75.00 ➝ $76.00	+0.52%
10/31/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Hold
10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$78.00 ➝ $80.00	+7.60%
10/22/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$70.00 ➝ $80.00	+5.29%
9/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$76.00 ➝ $76.00	+0.46%
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9/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$82.00 ➝ $89.00	+17.06%
8/28/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$81.00 ➝ $82.00	+6.29%
8/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$90.00	+16.66%
8/27/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Miscioscia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$73.00 ➝ $75.00	+3.23%
7/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$75.00 ➝ $80.00	+6.44%
5/2/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$85.00	+28.98%
5/2/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$80.00 ➝ $78.00	+19.32%
4/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$85.00 ➝ $77.00	+15.74%
4/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$90.00 ➝ $82.00	+21.12%
3/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$65.00 ➝ $70.00	-3.07%
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$80.00	+6.54%
1/5/2024	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Sell	$67.00	-8.96%
1/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
11/16/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$68.00	-0.60%
11/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$70.00	+5.61%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$68.00 ➝ $65.00	+2.12%
5/4/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
5/4/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$75.00	+19.35%
1/19/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market 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 Saturday at 07:22 PM 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 Friday, November 22, 2024. Please send any questions or comments about these Cognizant Technology Solutions pros and cons to contact@marketbeat.com.

Cognizant Technology Solutions
Bull Case

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

The company reported earnings per share (EPS) of $1.25 for the latest quarter, exceeding analysts' expectations of $1.15, indicating strong financial performance and effective management.
With a revenue of $5.04 billion for the quarter, which was above the anticipated $4.99 billion, Cognizant Technology Solutions Co. demonstrates robust demand for its services.
The stock is currently trading at $77.11, which is near its fifty-day moving average of $76.85, suggesting stability in its price performance.
The company has declared a quarterly dividend of $0.30 per share, translating to an annualized dividend of $1.20 and a yield of 1.56%, providing a return to shareholders.
Analysts have a consensus target price of $78.83, indicating potential for price appreciation, as the current stock price is slightly below this target.

Cognizant Technology Solutions
Bear Case

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

Despite the positive earnings report, the company has a relatively low return on equity of 17.08%, which may indicate less efficiency in generating profits from shareholders' equity compared to industry peers.
The stock has experienced volatility, with a fifty-two week high of $82.41 and a low of $63.79, suggesting potential risks associated with price fluctuations.
One research analyst has rated the stock with a sell rating, which could signal concerns about the company's future performance.
The company's debt-to-equity ratio is low at 0.08, which generally indicates low leverage; however, it may also suggest that the company is not taking advantage of debt financing to fuel growth.
With a consensus rating of "Hold," there may be a lack of strong bullish sentiment among analysts, which could limit upward momentum in the stock price.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last year. There is currently 1 sell rating, 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 downside of -0.09% based on their 12-month stock forecasts.
: Over the previous 90 days, Cognizant Technology Solutions's stock had 1 upgrade by analysts.
: Cognizant Technology Solutions has been rated by research analysts at Daiwa America, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Robert W. Baird, Royal Bank of Canada, TD Cowen, and The Goldman Sachs Group in the past 90 days.
: 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.

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This page (NASDAQ:CTSH) was last updated on 11/23/2024 by MarketBeat.com Staff

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Cognizant Technology Solutions (CTSH) Stock Forecast & Price Target