Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call

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Morgan Stanley on Cognizant (CTSH): 'Discretionary Spending Still Challenged; Bookings Strength Intact'

April 12, 2024 2:16 PM EDT

Morgan Stanley analyst James Faucette reiterated an Equalweight rating and $65.00 price target on Cognizant Technology Solutions (NASDAQ: CTSH).

The analyst comments "Read-across from TCS suggests lack of near-term demand visibility as clients continue to reprioritize spend in a higher-forlonger rate environment. We... More