Evercore Lowers Cognizant Technology Solutions (NASDAQ:CTSH) Price Target to $70.00

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective dropped by analysts at Evercore from $100.00 to $70.00 in a research note issued on Thursday,MarketScreener reports. Evercore’s target price would indicate a potential upside of 33.51% from the company’s current price.

Several other brokerages have also commented on CTSH. Royal Bank Of Canada upped their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Wedbush dropped their target price on shares of Cognizant Technology Solutions from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday. UBS Group cut their target price on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, January 26th. Finally, Berenberg Bank set a $107.00 price objective on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.15.

Cognizant Technology Solutions Stock Down 0.9%

Shares of NASDAQ:CTSH opened at $52.43 on Thursday. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.15 and a beta of 0.81. Cognizant Technology Solutions has a 12-month low of $52.28 and a 12-month high of $87.03. The business has a 50-day moving average price of $60.88 and a 200 day moving average price of $71.58. The company has a current ratio of 2.23, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Sell-side analysts expect that Cognizant Technology Solutions will post 5.67 EPS for the current year.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total transaction of $143,527.68. Following the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This represents a 6.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of Cognizant Technology Solutions

Large investors have recently modified their holdings of the stock. Diversify Wealth Management LLC acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at $450,000. Carnegie Investment Counsel boosted its holdings in Cognizant Technology Solutions by 40.4% in the first quarter. Carnegie Investment Counsel now owns 4,313 shares of the information technology service provider’s stock valued at $265,000 after purchasing an additional 1,240 shares during the period. Fifth Third Bancorp grew its stake in Cognizant Technology Solutions by 421.6% during the 1st quarter. Fifth Third Bancorp now owns 179,982 shares of the information technology service provider’s stock worth $11,042,000 after purchasing an additional 145,475 shares in the last quarter. Candriam S.C.A. increased its holdings in Cognizant Technology Solutions by 4.1% during the 1st quarter. Candriam S.C.A. now owns 37,951 shares of the information technology service provider’s stock worth $2,328,000 after purchasing an additional 1,501 shares during the period. Finally, Walled Lake Planning & Wealth Management LLC increased its holdings in Cognizant Technology Solutions by 2.1% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 56,943 shares of the information technology service provider’s stock worth $3,493,000 after purchasing an additional 1,193 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Key Stories Impacting Cognizant Technology Solutions

Here are the key news stories impacting Cognizant Technology Solutions this week:

• Positive Sentiment: Q1 EPS beat and margin outlook lift confidence — Cognizant reported an EPS beat for Q1 and raised its 2026 margin outlook, which supports near-term earnings visibility. Cognizant Q1 Earnings Beat
• Positive Sentiment: Acquisition adds scale in contact-center services — Cognizant agreed to buy Astreya for about $600M, expanding its CX and cloud services footprint. This is strategic revenue and capability growth. Cognizant to buy Astreya
• Positive Sentiment: Selective analyst upgrades/raises remain — A few firms (e.g., Nomura, Susquehanna) reaffirm buy/positive views or raised targets, indicating some analysts see material upside despite broader cuts. Nomura raises PT to $93
• Neutral Sentiment: Zacks ranks CTSH as a top growth stock — Useful context for growth-oriented investors, but a style score is not an immediate catalyst. CTSH is a Top-Ranked Growth Stock
• Neutral Sentiment: Brand/partnership news supports long-term positioning — Becoming Aston Martin Aramco F1 Team’s Global AI Services Partner raises profile but is more strategic/PR than near-term revenue. Cognizant named AMF1 Global AI Services Partner
• Negative Sentiment: Broad wave of price?target cuts from major analysts — Multiple firms trimmed targets (Evercore, BMO, HSBC, JPMorgan, Morgan Stanley, Wedbush, Wells Fargo, Guggenheim), weighing on the stock by reducing near-term upside expectations. Evercore cuts PT to $70 BMO cuts PT to $63 JPMorgan cuts PT to $74
• Negative Sentiment: Project Leap restructuring flagged as a risk — Analysts and risk monitors highlight Project Leap’s cost and execution risks, which could pressure productivity and margins if issues persist. Project Leap raises risks
• Negative Sentiment: Top-line softness and margin strain concerns — While EPS beat, revenue missed and management flagged margin pressure in the call, which limits optimism about a quick re-rating. Earnings call: bookings shine amid margin strain

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.