Cognizant and Flagstar Bank Celebrate One-Year Strategic Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13h ago
0mins
Source: Newsfilter
- Strategic Partnership Achievement: Cognizant and Flagstar Bank celebrate one year of partnership, successfully advancing the bank's 'S2' technology transformation initiative aimed at enhancing client experiences and employee efficiency, thereby strengthening market competitiveness.
- Technology Platform Development: Over the past 12 months, Cognizant has acted as a key partner for Flagstar, implementing transformation projects across various sectors including Commercial Banking and Real Estate, significantly improving customer satisfaction and operational efficiency.
- Global Development Centers Established: The establishment of two co-branded development centers in Hyderabad, India, and Manila, Philippines, underscores the commitment to creating a seamless environment that aligns with Flagstar's standards and culture, further driving technological and cultural integration.
- Future Innovation Plans: Looking ahead, Flagstar and Cognizant plan to explore an AI Center of Excellence in India, aiming to leverage AI technology to unlock new opportunities and enhance the bank's leadership in technology-driven banking solutions.
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Analyst Views on CTSH
Wall Street analysts forecast CTSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTSH is 87.18 USD with a low forecast of 80.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
10 Hold
0 Sell
Moderate Buy
Current: 83.300
Low
80.00
Averages
87.18
High
100.00
Current: 83.300
Low
80.00
Averages
87.18
High
100.00
About CTSH
Cognizant Technology Solutions Corporation engineers modern businesses. Its services include artificial intelligence (AI) and other technology services and solutions, consulting, application development, systems integration, quality engineering and assurance, application maintenance, infrastructure and security as well as business process services and automation. Its segments include Health Sciences (HS), Financial Services (FS), Products and Resources (P&R), and Communications, Media and Technology (CMT). HS segment consists of healthcare providers and payers, and life sciences companies. FS segment includes banking, capital markets, payments and insurance companies. P&R segment includes manufacturers, automakers, retailers, consumer goods companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services. CMT segment includes global communications, media and entertainment, education, information services and technology companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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