Nomura analyst Rishit Parikh maintained a Hold rating on Cognizant Technology Solutions (NASDAQ:CTSH) on Thursday, setting a price target of $80, which is approximately 8.80% above the present share price of $73.53.
Parikh expects Cognizant Technology Solutions to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Cognizant, with an average price target of $88.36.
The analysts price targets range from a high of $97 to a low of $73.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $4.59 billion and a net profit of $696 million. The company's market cap is $38.82 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 23.9% and a 55.56% 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.