Susquehanna has adjusted its price target for Cognizant Technology Solutions (CTSH, Financial), reducing it to $77 from the previous $82. The investment firm maintained its Neutral rating on the company's shares.
The revision comes as Susquehanna anticipates a decline in performance beyond the initial expectations for the first quarter. Initially, the quarter seemed to proceed smoothly, but diminishing visibility has led the firm to anticipate a softer trajectory for the company's performance in the second quarter and possibly beyond.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Cognizant Technology Solutions Corp (CTSH, Financial) is $86.89 with a high estimate of $103.00 and a low estimate of $76.00. The average target implies an upside of 24.60% from the current price of $69.73. More detailed estimate data can be found on the Cognizant Technology Solutions Corp (CTSH) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Cognizant Technology Solutions Corp's (CTSH, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cognizant Technology Solutions Corp (CTSH, Financial) in one year is $78.62, suggesting a upside of 12.75% from the current price of $69.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cognizant Technology Solutions Corp (CTSH) Summary page.
