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Several investment firms have updated their stock ratings and price targets on shares of Cognizant Technology Solutions Corp (NASDAQ: CTSH) in the last week:

  • Cognizant Technology Solutions Corp had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $63.00 price target on the stock, down previously from $64.00.
  • Cognizant Technology Solutions Corp had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a $54.00 price target on the stock, down previously from $55.50.
  • Cognizant Technology Solutions Corp had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $49.00 price target on the stock. Zacks‘ analyst wrote, “Cognizant reported mixed fourth-quarter results. Earnings beat the Zacks Consensus Estimate by $0.07, while revenues were in-line with the same. The company reiterated its full year guidance primarily based by strong demand environment. Although Cognizant continues to face significant competition in most of its operating markets, we believe that the company remains well diversified in key verticals and emerging markets of social, mobile, analytics and cloud, which will continue to boost its top line. Nevertheless, increasing head count may hurt profitability in the near-term. Tight IT spending is also expected to hurt Cognizant’s top-line for the rest of 2014. Thus, we maintain our Neutral recommendation and set a price target of $49.00.”
  • Cognizant Technology Solutions Corp had its price target lowered by analysts at Cowen and Company from $60.00 to $55.00.
  • Cognizant Technology Solutions Corp had its price target lowered by analysts at Deutsche Bank.
  • Cognizant Technology Solutions Corp had its price target lowered by analysts at Societe Generale from $60.00 to $58.00.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at 47.72 on Monday. Cognizant Technology Solutions Corp has a 52-week low of $30.46 and a 52-week high of $54.00. The stock has a 50-day moving average of $49.04 and a 200-day moving average of $48.54. The company has a market cap of $29.001 billion and a P/E ratio of 22.70.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.

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