Loop Capital analyst Joseph Vafi kept his Buy rating and $94 price target on Cognizant after its analyst day, saying the event increased his confidence in the company's unique ability to offer a "full spectrum of services demanded by Fortune 500 CIOs". The analyst contends that the company has "successfully pivoted its business to the most leading edge service capabilities", while its mid-term financial guidance suggests some "modest revenue acceleration next year". Vafi further states that the bear case should be "put to bed" by Cognizant's maintained forecast of improving margins in 2019.