JPMorgan upgrades Cognizant Technology to Overweight, raises price target after beating expectations.

From Yahoo Finance: 2025-05-19 15:06:00

JPMorgan upgraded Cognizant Technology Solutions Corporation (CTSH) from Neutral to Overweight and raised the price target to $92 after the company beat market expectations in its fiscal first quarter of 2025. Revenue grew by 7.46% year-over-year to $5.12 billion, surpassing expectations by $52 million, with an EPS of $1.23, exceeding analysts’ expectations by $0.03. The company is making strides in closing the growth gap compared to its peers by focusing on execution, closing large deals, and employee retention. Cognizant Technology Solutions Corporation (CTSH) reported growing total bookings by 3% on a 12-month trailing basis, including a mega deal worth over $500 million TCV. The firm believes CTSH is aligned with cost-cutting trends and has a strong vertical revenue mix.



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