There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cognizant (CTSH) and Zynga (ZNGA) with bullish sentiments.
Cognizant (CTSH)
In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Cognizant, with a price target of $86.00. The company’s shares closed last Thursday at $72.99.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 16.8% and a 66.3% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.
Currently, the analyst consensus on Cognizant is a Strong Buy with an average price target of $91.11, a 21.1% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $93.00 price target.
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Zynga (ZNGA)
In a report released today, Brian Fitzgerald from Wells Fargo maintained a Buy rating on Zynga, with a price target of $14.00. The company’s shares closed last Thursday at $10.45.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 37.2% and a 73.9% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, Uber Technologies, and Alphabet Class A.
Zynga has an analyst consensus of Strong Buy, with a price target consensus of $13.53, representing a 27.0% upside. In a report issued on April 22, Jefferies also initiated coverage with a Buy rating on the stock with a $13.00 price target.
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