Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cogent Comms (NASDAQ:CCOI) and Cognizant (NASDAQ:CTSH).
Cogent Comms (CCOI)
In a report released yesterday, Gregory Miller from SunTrust Robinson reiterated a Hold rating on Cogent Comms, with a price target of $52. The company’s shares opened today at $50.85.
According to TipRanks.com, Miller is a 5-star analyst with an average return of 12.7% and a 71.3% success rate. Miller covers the Technology sector, focusing on stocks such as Sprint Corp, AT&T Inc, and Verizon.
Cogent Comms has an analyst consensus of Hold, with a price target consensus of $47, a -7.6% downside from current levels. In a report released yesterday, Cowen & Co. also reiterated a Hold rating on the stock with a $34 price target.
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Cognizant (CTSH)
In a report released today, Frank Atkins from SunTrust Robinson reiterated a Buy rating on Cognizant, with a price target of $92. The company’s shares opened today at $77.54.
According to TipRanks.com, Atkins is a 4-star analyst with an average return of 12.5% and a 69.5% success rate. Atkins covers the Technology sector, focusing on stocks such as DXC Technology Company, Sykes Enterprises Inc, and Exlservice Holdings.
Currently, the analyst consensus on Cognizant is a Strong Buy with an average price target of $89, implying a 14.8% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $87 price target.
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