Goldman Sachs Bullish On CTSH

Within IT Services Goldman Sachs said that it is focused on consulting and payments names for 2011. “One of the key themes anchoring our positive view on consulting is offshore's continued secular ascent,” Goldman Sachs writes. “Consistent with this view we are very bullish on large cap growth engine Cognizant Technology Solutions CTSH, which we expect to post 30% revenue growth in 2011 and 27% in 2012. “Its growth profile is supported by strong front-end, strategic account penetration, and financial services vertical concentration (43% of revenues).” Cognizant Technology Solution currently trades at $76.12.