-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將CTSH的目標股價下調14美元至77美元，市盈率為13.5倍（基於2026年每股收益預期），低於CTSH三年平均市盈率（約25倍），原因是宏觀經濟不確定性和對人工智能競爭日益增長的擔憂抵消了訂單增長勢頭。我們將2026年每股收益預期上調0.06美元至5.72美元，並將2027年每股收益預期上調0.05美元至6.18美元。 CTSH 2026年的有機銷售成長預期約為3.8%，我們認為這將在未來幾年內構成成長底線，因為未來幾季的大型交易將穩定成長。訂單表現持續走強，第一季以過去12個月計算成長11%，大型交易的總合約價值較去年同期成長70%。我們認為這兩項業績均表明，在嚴峻的市場環境下，CTSH 具備超越市場平均的把握需求的能力。然而，我們注意到，人工智慧被視為生存威脅的悲觀論點日益根深蒂固，因此我們相應地下調了估值倍數。第一季業績對此問題的回答喜憂參半，儘管近期收購有所獲益，但銷售額成長預期仍維持不變（5.25%），抵銷了訂單成長的強勁勢頭。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Cincinnati Financial Corp.
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