Cognizant Technology Solutions Corporation (CTSH)
NASDAQ: CTSH · IEX Real-Time Price · USD
74.33
-1.64 (-2.16%)
At close: Jul 19, 2024, 4:00 PM
74.35
+0.02 (0.03%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
CTSH Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for CTSH stock have an average target of 75.5, with a low estimate of 65 and a high estimate of 85. The average target predicts an increase of 1.57% from the current stock price of 74.33.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for CTSH stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 9 | 11 | 12 | 13 | 14 | 14 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 15 | 17 | 17 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Initiates $72 | Hold | Initiates | $72 | -3.13% | Jun 24, 2024 |
| Mizuho | Mizuho | Hold Maintains $82 | Hold | Maintains | $82 | +10.32% | Jun 11, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Jun 10, 2024 |
| Wedbush | Wedbush | Buy Reiterates $85 | Buy | Reiterates | $85 | +14.35% | May 2, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $81 → $74 | Hold | Maintains | $81 → $74 | -0.44% | May 2, 2024 |
Financial Forecast
Revenue This Year
19.78B
from 19.35B
Increased by 2.21%
Revenue Next Year
20.72B
from 19.78B
Increased by 4.76%
EPS This Year
4.72
from 4.21
Increased by 12.05%
EPS Next Year
5.07
from 4.72
Increased by 7.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.0B | 22.7B | 25.2B | 27.7B | 30.4B |
| Avg | 19.8B | 20.7B | 22.3B | 25.6B | 27.6B |
| Low | 18.7B | 19.3B | 20.5B | 23.2B | 24.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.7% | 14.8% | 21.7% | 24.6% | 18.8% |
| Avg | 2.2% | 4.8% | 7.4% | 14.9% | 7.8% |
| Low | -3.2% | -2.5% | -1.1% | 4.4% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.28 | 5.81 | 6.49 | 7.34 | 8.17 |
| Avg | 4.72 | 5.07 | 5.55 | 7.13 | 7.94 |
| Low | 4.42 | 4.58 | 5.05 | 6.85 | 7.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.5% | 23.1% | 28.1% | 32.2% | 14.6% |
| Avg | 12.0% | 7.4% | 9.6% | 28.4% | 11.3% |
| Low | 5.0% | -3.0% | -0.4% | 23.4% | 6.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.