Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cognizant (NASDAQ:CTSH), Cogent Comms (NASDAQ:CCOI) and Appian Corp (NASDAQ:APPN).
Cognizant (CTSH)
Cowen & Co. analyst Bryan Bergin reiterated a Buy rating on Cognizant yesterday and set a price target of $87. The company’s shares closed yesterday at $76.86.
According to TipRanks.com, Bergin is a 5-star analyst with an average return of 20.6% and a 88.9% success rate. Bergin covers the Technology sector, focusing on stocks such as DXC Technology Company, Virtusa Corp, and Accenture.
Currently, the analyst consensus on Cognizant is a Strong Buy with an average price target of $88.63, which is a 15.3% 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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Cogent Comms (CCOI)
In a report released yesterday, Colby Synesael from Cowen & Co. reiterated a Hold rating on Cogent Comms, with a price target of $34. The company’s shares closed yesterday at $51.10.
According to TipRanks.com, Synesael is a 5-star analyst with an average return of 17.2% and a 81.8% success rate. Synesael covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and Crown Castle.
Cogent Comms has an analyst consensus of Hold, with a price target consensus of $45.75.
Appian Corp (APPN)
Cowen & Co. analyst Gregg Moskowitz reiterated a Hold rating on Appian Corp today and set a price target of $30. The company’s shares closed yesterday at $33.07.
According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 18.4% and a 66.7% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Citrix Systems, Symantec Corp, and Check Point.
Appian Corp has an analyst consensus of Hold, with a price target consensus of $30.25, implying a -8.5% downside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Hold rating on the stock with a $30 price target.
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