Piper Jaffray Reiterates PT Of $84 And Overweight On Cognizant Technology (CTSH)

Piper Jaffray reiterated its Overweight rating and price target of $84 on Cognizant Technology CTSH in a research report published today. Cognizant upgraded its earnings per share guidance estimates, however, following better than expected Q1 results. Its new forecast for this year includes revenues of $5.93 billion and earnings of $2.72 per share. Cognizant lost 6.67% today and is currently trading at $76.73.