Morgan Stanley (NYSE:MS) analyst James Faucette maintained a Hold rating on Cognizant Technology Solutions (NASDAQ:CTSH) on Tuesday, setting a price target of $64, which is approximately 3.56% above the present share price of $61.8.
Faucette expects Cognizant Technology Solutions to post earnings per share (EPS) of $0.67 for the third quarter of 2020.
The current consensus among 18 TipRanks analysts is for a Hold rating of shares in Cognizant, with an average price target of $62.83.
The analysts price targets range from a high of $75 to a low of $45.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.23 billion and a net profit of $634 million. The company's market cap is $34.29 billion.
According to TipRanks.com, Morgan Stanley analyst James Faucette is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.5% and a 83.89% success rate.
Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology. The Financial Services segment consists of banking and insurance services. The Healthcare segment involves healthcare and life sciences. The Products and Resources segment comprises of retail and consumer goods, manufacturing and logistics, travel and hospitality, and energy and utilities. The Communications, Media, and Technology segment includes communications, information, media and entertainment, and technology. The company was founded by Wijeyaraj Kumar Mahadeva and Francisco D'Souza in 1994 and is headquartered in Teaneck, NJ.