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Cognizant Technology Solutions (CTSH) Stock Forecast & Price Target

$71.53
+1.39 (+1.98%)
(As of 07/12/2024 ET)

Cognizant Technology Solutions - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$75.44
5.46% Upside
High Forecast$85.00
Average Forecast$75.44
Low Forecast$65.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Hold
Hold
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
14 Hold rating(s)
13 Hold rating(s)
12 Hold rating(s)
10 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$75.44$75.67$75.65$68.21
Forecasted Upside5.46% Upside9.50% Upside5.72% Upside7.17% Upside
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CTSH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CTSH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cognizant Technology Solutions Stock vs. The Competition

TypeCognizant Technology SolutionsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.11
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside5.46% Upside299.60% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024The Goldman Sachs Group
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J. Schneider
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Initiated CoverageNeutral$72.00+5.36%
6/11/2024Mizuho
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 Reiterated RatingNeutral ➝ Neutral$82.00 ➝ $82.00+23.48%
6/10/2024Needham & Company LLC
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 Reiterated RatingHold
5/2/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$81.00 ➝ $74.00+11.71%
5/2/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$85.00+28.98%
5/2/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$80.00 ➝ $78.00+19.32%
4/30/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$85.00 ➝ $77.00+15.74%
4/26/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$80.00 ➝ $75.00+11.74%
4/22/2024Citigroup
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 Lower TargetBuy ➝ Buy$90.00 ➝ $82.00+21.12%
3/26/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$65.00 ➝ $70.00-3.07%
3/19/2024Guggenheim
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 Initiated CoverageNeutral$80.00+6.54%
2/7/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$74.00 ➝ $77.00-2.09%
1/11/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$70.00 ➝ $85.00+15.88%
1/5/2024Societe Generale
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 Reiterated RatingHold ➝ Sell$67.00-8.96%
1/4/2024Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
11/16/2023Redburn Atlantic
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 Initiated CoverageNeutral$68.00-0.60%
11/7/2023UBS Group
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 Initiated CoverageNeutral$70.00+5.61%
11/2/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$68.00 ➝ $65.00+2.12%
5/4/202351job
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 Reiterated RatingReiterates
5/4/2023HSBC
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 UpgradeHold ➝ Buy$75.00+19.35%
4/19/2023Bank of America
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 Lower TargetUnderperform$59.00 ➝ $55.00-10.01%
2/3/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$54.00 ➝ $67.00-2.84%
2/3/2023Robert W. Baird
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 DowngradeOutperform ➝ Neutral$66.00 ➝ $68.00-3.76%
1/19/2023Moffett Nathanson
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 DowngradeMarket Perform ➝ Underperform$70.00 ➝ $60.00-1.62%
11/3/2022William Blair
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M. Nolan
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DowngradeOutperform ➝ Market Perform
7/28/2022Cowen
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 DowngradeMarket Perform$86.00 ➝ $75.00+12.17%
7/28/2022Susquehanna Bancshares
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 Lower Target$100.00 ➝ $98.00+46.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:43 PM ET.

CTSH Forecast - Frequently Asked Questions

What is Cognizant Technology Solutions' forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognizant Technology Solutions is $75.44, with a high forecast of $85.00 and a low forecast of $65.00.

Should I buy or sell Cognizant Technology Solutions stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognizant Technology Solutions in the last twelve months. There is currently 1 sell rating, 14 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CTSH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTSH, but not buy additional shares or sell existing shares.

Does Cognizant Technology Solutions's stock price have much upside?

According to analysts, Cognizant Technology Solutions's stock has a predicted upside of 9.25% based on their 12-month stock forecasts.

What analysts cover Cognizant Technology Solutions?

Cognizant Technology Solutions has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Susquehanna, The Goldman Sachs Group, and Wedbush in the past 90 days.

Do Wall Street analysts like Cognizant Technology Solutions more than its competitors?

Analysts like Cognizant Technology Solutions less than other "computer and technology" companies. The consensus rating for Cognizant Technology Solutions is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CTSH compares to other companies.


This page (NASDAQ:CTSH) was last updated on 7/13/2024 by MarketBeat.com Staff

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