Cognizant to acquire Belcan for $1.3 billion
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Go back to Cognizant to acquire Belcan for $1.3 billion
June 11, 2024 5:26 AM EDT
BofA Securities analyst Jason Kupferberg reiterated an Underperform rating and $70.00 price target on Cognizant Technology Solutions (NASDAQ: CTSH).
The analyst comments "Earlier today, Cognizant Technology Solutions (CTSH) announced a definitive agreement to acquire Belcan, a provider of engineering research and development... More
June 10, 2024 1:12 PM EDT
Citi analyst Ashwin Shirvaikar reiterated a Buy rating and $82.00 price target on Cognizant Technology Solutions (NASDAQ: CTSH).
The analyst comments "Cognizant announced today that it has agreed to acquire Belcan for ~$1.3 billion, representing one of the largest acquisitions that Cognizant... More
June 10, 2024 1:06 PM EDT
Deutsche Bank analyst Bryan Keane reiterated a Hold rating and $70.00 price target on Cognizant Technology Solutions (NASDAQ: CTSH).
The analyst comments "CTSH announced that the company has signed a definitive agreement to acquire Belcan, a leading supplier of Engineering Research & Development... More
June 10, 2024 12:54 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 "Quick thoughts: The acquisition underscores an industry-wide focus on broadening exposure towards industry verticals funded by federal budgets such as... More
June 10, 2024 9:23 AM EDT
Wolfe Research analyst Darrin Peller reiterated a Peerperform rating on Cognizant Technology Solutions (NASDAQ: CTSH).
The analyst comments "Our Take: Although this acquisition is relatively small in terms of revenue contribution, we are constructive on CTSH's efforts to expand its engineering... More
