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.
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Posted In: Analyst ColorEarningsAnalyst RatingsCognizant TechnlogyInformation TechnologyIT Consulting & Other ServicesPiper Jaffray
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