Analysts Offer Insights on Technology Companies: Cognizant (CTSH) and IAC/InterActiveCorp (IAC)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cognizant (CTSH) and IAC/InterActiveCorp (IAC) with bullish sentiments.

Cognizant (CTSH)

Citigroup analyst Ashwin Shirvaikar maintained a Buy rating on Cognizant today and set a price target of $69.00. The company’s shares closed last Monday at $60.61.

According to TipRanks.com, Shirvaikar is a 5-star analyst with an average return of 14.8% and a 75.8% success rate. Shirvaikar covers the Technology sector, focusing on stocks such as Fidelity National Info, Exlservice Holdings, and Epam Systems Inc.

Currently, the analyst consensus on Cognizant is a Hold with an average price target of $67.33.

See today’s analyst top recommended stocks >>

IAC/InterActiveCorp (IAC)

In a report released today, Nat Schindler from Merrill Lynch maintained a Buy rating on IAC/InterActiveCorp, with a price target of $365.00. The company’s shares closed last Monday at $227.03.

Schindler has an average return of 37.2% when recommending IAC/InterActiveCorp.

According to TipRanks.com, Schindler is ranked #402 out of 5543 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $306.36 average price target, implying a 28.5% upside from current levels. In a report issued on October 11, SunTrust Robinson also maintained a Buy rating on the stock with a $265.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts