Market Overview

4 Reasons Jefferies Is Confident In Buy Rating On Cognizant

Share:
Related CTSH
Watch These 7 Huge Put Purchases In Thursday Trade
Benzinga's Option Alert Recap From February 15

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
Jan 2017Morgan StanleyDowngradesOverweightEqual-Weight
Jan 2017Loop CapitalInitiates Coverage OnHold
Nov 2016William BlairDowngradesOutperformMarket Perform

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!