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Fly News Breaks for February 8, 2018
CTSH
Feb 8, 2018 | 05:41 EDT
Citi analyst Ashwin Shirvaikar sees "plenty of room to run" through 2018 for shares of Cognizant Technology Solutions following yesterday's Q4 results. The valuation is "actually quite attractive" for the total return that the company should be able to put up, Shirvaikar tells investors in a post-earnings research note. He raised his price target for Cognizant shares to $92 from $89 and keeps a Buy rating on the name.
News For CTSH From the Last 2 Days
CTSH
Apr 22, 2024 | 08:33 EDT
CTSH
Apr 22, 2024 | 05:21 EDT
Citi analyst Ryan Potter lowered the firm's price target on Cognizant to $82 from $90 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
