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Cognizant price target raised to $98 from $90 at Susquehanna
Yahoo Finance· 2026-01-24 13:45
Core Viewpoint - Susquehanna analyst James Friedman has raised the price target for Cognizant (CTSH) to $98 from $90 while maintaining a Positive rating on the shares, indicating confidence in the company's growth prospects under CEO Ravi Kumar's leadership [1] Group 1: Company Strategy and Performance - CEO Ravi Kumar is successfully implementing the "3 Vectors Strategy" to guide the company [1] - Industry checks conducted by Susquehanna suggest that Cognizant is experiencing broad-based growth durability, although there is some exposure to smaller, discretionary deals [1] Group 2: Market Outlook - There is an increasing emphasis on IT Services "workloads," which provides a clearer monetization path for Vector 2 and Vector 3 of the company's strategy [1]