In a report issued on November 16, Keith Bachman from BMO Capital reiterated a Hold rating on Cognizant (CTSH), with a price target of $75. The company’s shares closed yesterday at $69.21.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 13.8% and a 61.8% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $83.13.
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Cognizant’s market cap is currently $40.14B and has a P/E ratio of 28.25. The company has a Price to Book ratio of 3.66.
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Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology. The Financial Services segment consists of banking and insurance services.
