Market Overview

4 Reasons Jefferies Is Confident In Buy Rating On Cognizant

Share:
Related CTSH
Lightning Round: Jim Cramer Shares His Thoughts On AMD, Schlumberger And More
Benzinga's Top Upgrades, Downgrades For August 8, 2017
The Vetr community has upgraded $CTSH to 3.5-Stars. (Vetr)

After the Jefferies NASDAQ Investor Conference, Jefferies published research highlighting their four takeaways from the Cognizant Technology Solutions Corp (NASDAQ: CTSH) CFO at the conference.

  • Digital growth remains a strong growth driver
  • Platform offerings or automation may lead to revenue or headcount linearity
  • Top-line growth may re-accelerate in 2017
  • Increased M&A activity for Cognizant.

Jefferies analysts believes that given the revenue and margin profile of the company, combined with these conference takeaways, reinforce their Buy rating and $70 price target.

Latest Ratings for CTSH

DateFirmActionFromTo
Aug 2017BerenbergUpgradesHoldBuy
Aug 2017Loop CapitalUpgradesHoldBuy
Jun 2017Societe GeneraleDowngradesBuyHold

View More Analyst Ratings for CTSH
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CTSH)

View Comments and Join the Discussion!
Loading...
Loading...