Seeing constructive demand tendencies for 2021, Susquehanna upgrades Cognizant Expertise Options (NASDAQ:CTSH) from Impartial to Constructive and provides $17 to the value goal for $87.
Analyst James Friedman says CTSH’s “enterprise seems to be accelerating modestly, and upward estimate revisions ought to predict a number of enlargement.”
The analyst sees rising proof of constructive demand subsequent 12 months and the “potential boarding of latest clients.”
Cognizant shares are down 1.1% to $73.84. Shares are up 32% prior to now quarter.
Beforehand: Cognizant upgraded at BofA as turnaround risks pass (Sep. 11 2020)