Nomura analyst Rishit Parikh maintained a Hold rating on Cognizant Technology Solutions (NASDAQ:CTSH) on Thursday, setting a price target of $74, which is approximately 9.16% below the present share price of $81.46.
Parikh expects Cognizant Technology Solutions to post earnings per share (EPS) of $0.59 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Cognizant, with an average price target of $89.45.
The analysts price targets range from a high of $99 to a low of $74.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $4.18 billion and a net profit of $503 million. The company's market cap is $43.05 billion.
According to TipRanks.com, Nomura analyst Rishit Parikh is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 57.14% success rate.
Incorporated in 1994 and based in New Jersey, Cognizant Technology Solutions Corp. is a professional services company, which provides information technology, consulting, and business process outsourcing services. It operates through four business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology.