Cognizant Technology Solutions (CTSH) PT Raised to $87 at Mizuho

Mizuho analyst Dan Dolev raised the price target on Cognizant Technology Solutions (NASDAQ: CTSH) to $87.00 (from $84.00) while maintaining a Neutral rating.

The analyst commented: 'Cognizant recently reported 4Q24 results. Although we were encouraged by CTSH's two largest segments continuing their positive growth trajectories and total organic CC y/y growth (+2.2%) accelerating for the fourth consecutive quarter, we are concerned by the muted acceleration implied by its +2.3% 2025 organic CC guidance. While CTSH is making efficiency and growth improvements, we believe its growth outlook is a sign the company's turnaround is still going to take some time, especially in light of more difficult 2H25 compares in FS and HS. We lower our revenue estimates, but raise our adj. EPS estimates for 2025/2026 due to a better adj. operating margin outlook, resulting in a PT of $87, up from $84. Reiterate our Neutral rating."

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