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Wire

Cognizant Has Opportunity to Help Clients Find Value From AI Investments, Wedbush Says

Cognizant Technology Solutions (CTSH) is in the early stages of its AI Builder strategy, with an opportunity to address the growing gap between AI spending and AI value in a market expected to reach $4.5 trillion, Wedbush said in a Thursday note.The company is seeing its AI Builder strategy gain traction with around 8,000 AI engagements, the firm noted. This shows that customers are relying on Cognizant to improve their return on investment from AI spending, as two-thirds of global 2000 firms are not realizing AI productivity gains, Wedbush analysts said.Cognizant has expanded its partnerships with key AI players such as Anthropic and introduced new AI capabilities and platforms to boost its position within the sector, Wedbush said. The company also aims to become a major player in physical AI with its new sovereign physical AI platform, according to the note.This AI strategy is beginning to resonate with new and existing customers, and financial services clients are seen as the leading indicator of how the company's deployment of AI offerings will play out across the wider market, the note said.Wedbush maintained the company's stock rating at outperform and price target at $70.Price: $53.01, Change: $-2.97, Percent Change: -5.30%

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Wire

TD Cowen Adjusts Price Target on Cognizant Technology Solutions to $54 From $47, Maintains Hold Rating

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $62.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $53.09, Change: $-2.89, Percent Change: -5.15%

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Wire

Citigroup Adjusts Cognizant Technology Solutions Price Target to $60 From $45, Maintains Neutral Rating

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $62.35, according to analysts polled by FactSet.Price: $52.53, Change: $-3.44, Percent Change: -6.15%

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Wire

HSBC Adjusts Price Target on Cognizant Technology Solutions to $70 From $68, Maintains Buy Rating

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $62.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $52.73, Change: $-3.24, Percent Change: -5.79%

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Wire

Wells Fargo Adjusts Price Target on Cognizant Technology Solutions to $67 From $61, Maintains Overweight Rating

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $62.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $52.73, Change: $-3.24, Percent Change: -5.79%

$CTSH
Update: Equities Tumble Following Fed's Divided Decision to Stay on Hold
US Markets

Update: Equities Tumble Following Fed's Divided Decision to Stay on Hold

(Updates with market moves at the end of the day and the Fed decision.)US stocks slid Wednesday after the Federal Reserve left interest rates unchanged in a divided decision, with some policymakers calling for policy tightening.The Dow Jones Industrial Average tumbled 2.2% to close at 51,594.14 after a three-day advance, while the Nasdaq Composite dropped 1.7% to 24,442.94, extending its losing streak to a sixth day. The S&P 500 shed 1.5% to settle at 7,316.15, its first decline in the past four sessions.Most sectors were in the red, led by industrials, while energy paced the gainers.The US central bank's Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause. Three regional Fed presidents dissented from the majority at the meeting, with Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas preferring to raise interest rates by a quarter percentage point, the FOMC said Wednesday."With further upside risks stemming from the ongoing conflict overseas, several Fed members appear willing to raise rates, or at least increasingly aware of the dangerous nature of leaving a lower level of policy in place," Stifel said in a note.Treasury yields were mixed, with the two-year rate down 3.7 basis points at 4.24% and the 10-year rate surging 6.7 basis points to 4.67%.In commodities, West Texas Intermediate crude oil increased 6.8% to $84.63 a barrel in late Wednesday afternoon trade, while Brent gained 7.6% to $90.48.President Donald Trump reportedly told Fox News that the US will hit Iran hard after its Revolutionary Guard launched ballistic missiles at US forces.Switching to the corporate sector, VF (VFC) plunged 17% after the apparel and footwear company reported a wider-than-expected fiscal first-quarter loss.Procter & Gamble (PG) fell 1.9%. The consumer goods giant reported weaker-than-expected fiscal fourth-quarter sales and said higher costs could weigh on its fiscal 2027 earnings.Tech stocks were among notable gainers, with Salesforce (CRM) up 3.8%, the top performer on the Dow. Cognizant Technology (CTSH) jumped 11%, the third-best performer on the S&P 500. Workday (WDAY) and Intuit (INTU) also logged gains.Gold rose 0.5% to $4,050.46 per troy ounce, while silver gained 0.1% to $57.57 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$CTSH$INTU$PG$VFC$WDAY
Sectors

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) shedding 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.3%.The Philadelphia Semiconductor index dropped 3.7%.In corporate news, Microsoft-backed (MSFT) OpenAI's ChatGPT is nearing 1 billion weekly active users, The Information reported. OpenAI originally targeted to hit the milestone by the end of last year, the report said. Microsoft shares were up 0.5%.Vertiv (VRT) shares fell nearly 17% after the company's Q2 revenue increased year on year but missed analysts' estimates.Alphabet's (GOOGL) Google DeepMind has dismantled the team behind its Nobel Prize-winning AlphaFold AI system, reassigning most researchers to Gemini-related projects and other scientific initiatives as it shifts its research strategy, the Financial Times reported. Alphabet shares added 0.7%.Cognizant Technology Solutions (CTSH) shares jumped 12% after it reported higher Q2 adjusted earnings and revenue.

$CTSH$GOOGL$MSFT$VRT
Wire

Update: Cognizant Technology Solutions Shares Rise After Q2 Results

(Updates with the company's latest stock move in the headline and in the first paragraph.)Cognizant Technology Solutions (CTSH) shares were up 12% in Wednesday trading after the company reported higher Q2 adjusted earnings and revenue.The company posted quarterly adjusted earnings of $1.37 per diluted share, up from $1.31 a year earlier.Analysts polled by FactSet expected $1.38.Revenue for the quarter ended June 30 was $5.48 billion, up from $5.25 billion a year earlier.Analysts polled by FactSet expected $5.48 billion.The company expects Q3 revenue of $5.60 billion to $5.68 billion.Analysts polled by FactSet expect $5.70 billion.For 2026, the company now expects adjusted earnings of $5.70 to $5.82 per diluted share, compared with its previous guidance of $5.63 to $5.77.Analysts expect $5.70.The company now expects 2026 revenue of $22.04 billion to $22.35 billion, compared with its previous guidance of $22.11 billion to $22.64 billion.Analysts expect $22.28 billion.Price: $56.57, Change: $+6.26, Percent Change: +12.44%

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Equities Lower Intraday Ahead of Fed Decision, Major Tech Earnings
US Markets

Equities Lower Intraday Ahead of Fed Decision, Major Tech Earnings

US benchmark equity indexes fell intraday as traders awaited the Federal Reserve's policy decision and after-hours results from Microsoft (MSFT) and Meta Platforms (META).The Dow Jones Industrial Average was down 1.5% at 51,977.6 after midday Wednesday. The S&P 500 and the Nasdaq Composite fell 0.7% each, to 7,378.4 and 24,698.9, respectively. Most sectors were in the red, with industrials posting the biggest drop.The Federal Open Market Committee will announce its latest decision on interest rates at 2 pm ET. The probability of the central bank leaving its benchmark lending rate unchanged was at about 69% on Wednesday, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Fed Chair Kevin Warsh is scheduled to hold a press conference at 2:30 pm."One way or another -- including, perhaps, through dissent - the Fed's emerging tightening bias will find its way into the market today or in the next few days," Macquarie said in a report Wednesday. "That bias may not be clear in the text of today's Statement, but Warsh's presser and the various speeches and appearances by Fed officials in the next few days are likely to solidify a tightening bias that was already evident -- even the FOMC's "doves" -- prior to the blackout period."Microsoft and Meta, among others, report their financials after market close on Wednesday.For Microsoft, analysts are looking for about 15% year-over-year revenue growth in the fiscal fourth quarter, according to the FactSet-polled consensus.Meta is expected to report strong second-quarter results as improvements in advertising performance continue to drive spending by advertisers, Deutsche Bank said in a note Friday.West Texas Intermediate crude oil increased 6.8% to $84.63 a barrel intraday, while Brent gained 7.6% to $90.48.President Donald Trump reportedly told Fox News that the US will hit Iran hard after its Revolutionary Guard launched ballistic missiles at US forces.Treasury yields were higher intraday, with the two-year rate up 5.5 basis points at 4.33% and the 10-year rate rising 4.3 basis points to 4.65%.Elsewhere in the corporate sector, Procter & Gamble (PG) fell 2.7% and was among the worst performers on the Dow. The consumer goods giant reported weaker-than-expected fiscal fourth-quarter sales and said higher costs could weigh on its fiscal 2027 earnings.Tech stocks were among notable gainers intraday, with Salesforce (CRM) up 3.9%, the top performer on the Dow. Cognizant Technology (CTSH) jumped 11%, the second-best performer on the S&P 500. Workday (WDAY) and Intuit (INTU) also logged gains.Gold rose 0.2% to $4,106.20 per troy ounce, while silver gained 1% to $58.11 per ounce.Price: $395.74, Change: $+2.39, Percent Change: +0.61%

Dow JonesNasdaq CompositeS&P 500$CRM$CTSH$INTU$META$MSFT$PG$WDAY
Wire

Susquehanna Adjusts Cognizant Technology Solutions Price Target to $82 From $88

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $59.39, according to analysts polled by FactSet.Price: $55.82, Change: $+5.51, Percent Change: +10.95%

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Wire

Goldman Sachs Adjusts Price Target on Cognizant Technology Solutions to $70 From $75

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $59.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $55.79, Change: $+5.48, Percent Change: +10.89%

$CTSH
Sectors

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) shedding 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.8%. The Philadelphia Semiconductor index fell 2.1%.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday. Nvidia shares were down 4.8%.ASML (ASML) shares fell 5.6% after The Information reported that a Chinese state-backed company has started making some chipmaking equipment that could impact ASML's market position.Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space. Amazon shares eased 0.1%.Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with Andover to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims. Cognizant shares rose 4.5%.

$AMZN$ASML$CTSH$NVDA
Sectors

Sector Update: Tech

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.8%.The Philadelphia Semiconductor index shed 2.1%.In corporate news, Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with Andover to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims. Cognizant shares were up 4.4%.

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Wire

Cognizant Reports Picked to Modernize Technology for Andover

Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with The Andover Companies to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims.The company said it will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and boost its policyholder- and digital portals security.Price: $47.65, Change: $+2.20, Percent Change: +4.83%

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Wire

Cognizant Poised to Report Inline Q2 Results, With Fiscal 2026 Guidance Maintained, RBC Says

Cognizant Technology Solutions (CTSH) should report inline Q2 results and maintain its fiscal 2026 guidance, with strong momentum in larger deals, the Astreya acquisition, and a focus on outcome-based projects supporting mid-single-digit topline growth, RBC Capital Markets said in a Friday note.RBC estimated Q2 revenue growth of 4.6% year-on-year to $5.48 billion, roughly inline with consensus of $5.49 billion, with adjusted earnings per share slated to be $1.38, inline with consensus.The company is expected to reaffirm fiscal 2026 guidance. RBC said it estimates revenue growth of 5.6% year-on-year to $22.296 billion, roughly inline with consensus of $22.298 billion. FY26 adjusted EPS is estimated to be $5.74, compared with consensus of $5.70.Cognizant is scheduled to report its Q2 results on Wednesday.RBC lowered its price target to $47 from $88 and maintained its sector perform rating.Price: $44.13, Change: $+1.12, Percent Change: +2.60%

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Wire

Cognizant's Q2 Results Likely to Indicate Start of Major Turnaround in Growth, Wedbush Says

Cognizant Technology Solutions (CTSH) Q2 results are likely to indicate a start of major turnaround in growth and profitability metrics, supported by momentum with artificial intelligence-driven deals, Wedbush said in a Wednesday research report.Analysts noted that a $5.48 billion consensus Q2 revenue estimate is reachable due to the momentum in the BFSI sector, driving more confidence in the company's ability to capitalize on incremental revenue opportunities over time. The company is due to report Q2 results on July 29.The company's large pipeline and favorable investment cycles will result in sustained growth over the coming quarters, with its bookings-to-revenue conversion starting to ramp in 2026 as more AI deals close, according to the note.Cognizant reworked its pricing architecture via an AI consumption model comprising an agentic cost estimator and a redesigned rate card, with pricing expected to shift towards outcome-based contracting for higher visibility into revenue generation, according to Wedbush.The brokerage maintained its outperform rating on the stock and price target of $70 per share.Price: $43.27, Change: $-0.36, Percent Change: -0.83%

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Wire

Baird Lowers Cognizant Technology Solutions Price Target to $55 From $72

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $67.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $43.35, Change: $+0.92, Percent Change: +2.17%

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Wire

Cognizant Technology Solutions Shares Fall After Berenberg Downgrade

Cognizant Technology Solutions (CTSH) shares fell 9% on Thursday after Berenberg downgraded the stock to hold from buy and cut its price target to $59 per share from $81.Trading volume stood at over 18.3 million shares compared with a daily average of nearly 7.5 million.Price: $44.23, Change: $-4.60, Percent Change: -9.41%

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Research

Berenberg Downgrades Cognizant Technology Solutions to Hold From Buy, Adjusts PT to $59 From $81

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $71.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Cognizant Technology Solutions Shares Fall After Berenberg Downgrade

Cognizant Technology Solutions (CTSH) shares were down nearly 4% in Wednesday afternoon trading after Berenberg downgraded the stock to hold from buy and reduced its price target to $59 from $81.Intraday trading volume stood at over 5.9 million shares against a daily average of about 7.3 million.Price: $49.08, Change: $-1.97, Percent Change: -3.87%

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