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Do Analysts Expect Cognizant Technology Solutions Corp (CTSH) Stock to Rise After It Is Higher By 11.05% in a Month?

Friday, November 24, 2023 02:07 PM | InvestorsObserver Analysts

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Do Analysts Expect Cognizant Technology Solutions Corp (CTSH) Stock to Rise After It Is Higher By 11.05% in a Month?

Analysts who follow Cognizant Technology Solutions Corp (CTSH) on average expect it to decrease -2.22% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Cognizant Technology Solutions Corp an Analyst Ranking of 15, which means it ranks higher than 15 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.2
Wall Street analysts are rating CTSH a Buy today. Find out what this means to you and get the rest of the rankings on CTSH!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Cognizant Technology Solutions Corp Stock Today?

Cognizant Technology Solutions Corp (CTSH) stock is trading at $71.17 as of 1:05 PM on Friday, Nov 24, a rise of $0.29, or 0.41% from the previous closing price of $70.88. Volume today is below average. So far 1,410,696 shares have traded compared to average volume of 3,209,327 shares. The stock has traded between $70.93 and $71.50 so far today. Click Here to get the full Stock Report for Cognizant Technology Solutions Corp stock.

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