Cognizant Technology Solutions (CTSH) PT Lowered to $68 at Mizuho

Mizuho analyst Sean Kennedy lowered the price target on Cognizant Technology Solutions (NASDAQ: CTSH) to $68.00 (from $87.00) while maintaining a Neutral rating.

The analyst comments: “CTSH recently reported relatively in-line top-line 1Q26 results and reiterated its 2026 org. CC revenue guidance of +2.5% to +5.0%. However, continued gross margin weakness coupled with a lower-than-expected 2Q revenue guide (+2.5% y/y org. CC growth at the midpoint) led to recent weakness in the share price. Conversely, CTSH's +21% y/ y bookings growth in the quarter was the bright spot, which in combination with large deal ramps provided management the confidence to reiterate its 2026 org. CC growth guidance amid the macro uncertainty and a softer expected 2Q. We tweak our 2026/2027 revenue/EPS estimates due to slightly lower growth and 1Q's results. We decrease our PT to $68 from $87.”

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