Cognizant Technology Solutions Corporation [CTSH] stock Downgrade by HSBC Securities analyst, price target now $79

Cognizant Technology Solutions Corporation [NASDAQ: CTSH] stock went on an upward path that rose over 2.76% on Tuesday, amounting to a one-week price increase of more than 4.64%. The company report on September 20, 2022 that Cognizant’s Shared Investigator Platform Grows to More Than a Quarter Million Users Globally.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Digital Platform is Helping Accelerate Drug Discovery and Influence Improved Healthcare by Modernizing Clinical Trials.

Cognizant (NASDAQ: CTSH) announced that its Shared Investigator Platform (SIP), a life sciences Software as a Service (SaaS) solution that streamlines clinical trials to improve the speed of pharmaceutical drug discovery, has surpassed 250,000 users across 100 countries worldwide. This digital platform facilitates research and collaboration around the globe by allowing clinical study documents and safety notifications to be easily and securely exchanged across site and sponsor teams.

Over the last 12 months, CTSH stock dropped by -18.40%. The one-year Cognizant Technology Solutions Corporation stock forecast points to a potential upside of 21.81. The average equity rating for CTSH stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $31.96 billion, with 520.00 million shares outstanding and 516.75 million shares in the current float. Compared to the average trading volume of 3.19M shares, CTSH stock reached a trading volume of 5067696 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Cognizant Technology Solutions Corporation [CTSH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTSH shares is $77.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTSH stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Cognizant Technology Solutions Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $82 to $77. The new note on the price target was released on July 28, 2022, representing the official price target for Cognizant Technology Solutions Corporation stock. Previously, the target price had yet another raise from $58.50 to $89, while UBS kept a Neutral rating on CTSH stock. On January 14, 2022, analysts increased their price target for CTSH shares from 93 to 95.

The Average True Range (ATR) for Cognizant Technology Solutions Corporation is set at 1.69, with the Price to Sales ratio for CTSH stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 2.64, with the Price to Cash per share for the same quarter was set at 4.40. Price to Free Cash Flow for CTSH in the course of the last twelve months was 17.86 with Quick ratio for the last quarter at 2.20.

CTSH Stock Performance Analysis:

Cognizant Technology Solutions Corporation [CTSH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.64. With this latest performance, CTSH shares dropped by -2.68% in over the last four-week period, additionally sinking by -32.61% over the last 6 months – not to mention a drop of -18.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTSH stock in for the last two-week period is set at 45.99, with the RSI for the last a single of trading hit 51.03, and the three-weeks RSI is set at 43.83 for Cognizant Technology Solutions Corporation [CTSH]. The present Moving Average for the last 50 days of trading for this stock 64.80, while it was recorded at 58.97 for the last single week of trading, and 76.86 for the last 200 days.

Insight into Cognizant Technology Solutions Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Cognizant Technology Solutions Corporation [CTSH] shares currently have an operating margin of +14.93 and a Gross Margin at +33.90. Cognizant Technology Solutions Corporation’s Net Margin is presently recorded at +11.55.

Return on Equity for this stock inclined to 18.72, with Return on Assets sitting at 12.29.

Cognizant Technology Solutions Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cognizant Technology Solutions Corporation go to 10.30%.

Cognizant Technology Solutions Corporation [CTSH] Insider Position Details

There are presently around $28,599 million, or 93.30% of CTSH stock, in the hands of institutional investors. The top three institutional holders of CTSH stocks are: BLACKROCK INC. with ownership of 49,107,367, which is approximately 7.566% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 43,239,423 shares of the stock with an approximate value of $2.62 billion in CTSH stocks shares; and DODGE & COX, currently with $1.67 billion in CTSH stock with ownership of nearly -4.647% of the company’s market capitalization.

Positions in Cognizant Technology Solutions Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 444 institutional holders increased their position in Cognizant Technology Solutions Corporation [NASDAQ:CTSH] by around 26,540,967 shares. Additionally, 461 investors decreased positions by around 34,799,782 shares, while 128 investors held positions by with 410,123,328 shares. The mentioned changes placed institutional holdings at 471,464,077 shares, according to the latest SEC report filing. CTSH stock had 81 new institutional investments in for a total of 2,062,143 shares, while 123 institutional investors sold positions of 1,729,577 shares during the same period.


Please enter your comment!
Please enter your name here