Market Overview

UPDATE: Oppenheimer Reiterates on Cognizant Technology Solutions Corp. as Focus Shifts To FY14 Targets

Share:
Related CTSH
JP Morgan Rates Cognizant Technology Solutions
UPDATE: Jefferies Raises Price Target On Cognizant Technology Solutions On The Weekly 'Edge'
Making Money With Charles Payne: 12/29/14 (Fox Business)

In a report published Tuesday, Oppenheimer analyst Glenn Greene reiterated an Outperform rating on Cognizant Technology Solutions Corp. (NASDAQ: CTSH), and raised the price target from $88.00 to $100.00.

In the report, Oppenheimer noted, “Ahead of 3Q13 results, we reiterate our Outperform rating and raise our price target to $100 (from $88). Industry trends, and demand commentary, appear solid as evidenced by quarterly results from offshore peers (e.g., TCS, INFY, WIT), which bode well for CTSH. We believe CTSH's 3Q revenue guidance and its implied 4Q13 growth guide could prove conservative. We also remain optimistic regarding its growth prospects into FY14, and see very limited chance of comprehensive immigration reform (including onerous offshore provisions) passing within this congressional cycle.”

Cognizant Technology Solutions Corp. closed on Monday at $88.84.

Latest Ratings for CTSH

DateFirmActionFromTo
Jan 2015JefferiesMaintainsBuy
Jan 2015CitigroupMaintainsBuy
Dec 2014BarclaysInitiates Coverage onOverweight

View More Analyst Ratings for CTSH
View the Latest Analyst Ratings

Posted-In: Glenn Greene OppenheimerAnalyst Color Price Target Analyst Ratings

 

Related Articles (CTSH)

Around the Web, We're Loving...

Get Benzinga's Newsletters