Cognizant and Flagstar Bank Strategic Partnership Milestone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
0mins
Source: PRnewswire
- Strategic Partnership Milestone: Cognizant and Flagstar Bank successfully completed their first year of collaboration, advancing the bank's 'S2' technology transformation initiative aimed at enhancing client experiences and employee interactions, positioning Flagstar as a top regional bank.
- Technology Platform Development: The partnership has enabled Flagstar to establish a modern technology platform that integrates various business areas including Commercial Banking, Real Estate, and Consumer Banking, improving operational efficiency and reducing costs.
- Global Development Centers: The establishment of co-branded development centers in Hyderabad, India, and Manila, Philippines, underscores the alignment in technology standards and culture between the two companies, further deepening the collaboration.
- Future Innovation Plans: Both parties plan to explore an AI Center of Excellence in India, aiming to leverage AI technology to unlock new opportunities and position the bank at the forefront of 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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