-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。当社は、目標株価を14ドル引き下げ、77ドルとしました。これは、2026年のEPS予想の13.5倍に相当し、CTSHの過去3年間の平均（約25倍）を下回っています。これは、受注高の勢いがマクロ経済の不確実性とAI競争への懸念の高まりによって相殺されているためです。2026年のEPS予想を0.06ドル引き上げ、5.72ドルとしました。また、2027年のEPS予想を0.05ドル引き上げ、6.18ドルとしました。CTSHの2026年のオーガニック売上高成長率予測は約3.8%ですが、今後数四半期にわたって大型案件が着実に増加するにつれ、この成長率が今後数年間の底値となると予想されます。受注高は引き続き好調で、第1四半期は過去12ヶ月間で11%増に加速し、大型案件の総契約額は前年同期比で70%増加しました。両結果とも、CTSHが厳しい環境下でも市場平均を上回る需要獲得能力を持っていることを示していると我々は考えています。しかしながら、AIが存亡の危機であるという弱気な見方を払拭するのはますます難しくなっており、第1四半期の結果はこの点に関してまちまちの回答を示しました。最近の買収による恩恵があったにもかかわらず、受注高は堅調だったものの、売上高の見通しは据え置かれ（5.25%増）、業績は振るいませんでした。そのため、我々は株価収益率をそれに応じて引き下げました。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Cincinnati Financial Corp.
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Research Alert: CFRA Maintains Hold Opinion On Shares Of Linde Plc
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