Cognizant Partners with BayWa for 5-Year Digital Transformation Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago
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Source: PRnewswire
- Collaboration Launch: Cognizant and Germany's BayWa have initiated a five-year partnership aimed at enhancing BayWa's innovation capacity and creating a scalable IT landscape by taking over core IT service management and a number of employees.
- Efficiency Gains: The collaboration will consolidate IT infrastructure, application management, service desk, and workplace services, with expectations of significantly increasing operational efficiency and synergies.
- Technology Introduction: Plans include the introduction of modern technologies such as AI and automation, along with continuous modernization of infrastructure and applications, driving BayWa's digital transformation.
- Employee Engagement: A structured change management approach will actively involve employees, ensuring a flexible response to the needs of the diversified group while enhancing service sustainability and innovation.
CTSH.O$0.0000%Past 6 months

No Data
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 85.27 USD with a low forecast of 78.00 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.
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 85.27 USD with a low forecast of 78.00 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.
Current: 80.710

Current: 80.710

Neutral
maintain
$78 -> $82
Reason
UBS raised the firm's price target on Cognizant to $82 from $78 and keeps a Neutral rating on the shares.
William Blair
Maggie Nolan
Market Perform -> Outperform
upgrade
Reason
William Blair
Maggie Nolan
Market Perform -> Outperform
Reason
William Blair analyst Maggie Nolan upgraded Cognizant to Outperform from Market Perform without a price target after hosting meetings with management. The firm says Cognizant's leading indicators, such as bookings, deal pipeline, and the growth of its financial services and health sciences verticals, indicate "healthier, sustainable" growth for the next 12-18 months. Cognizant has momentum after five consecutive quarters of positive organic constant-currency growth, the analyst tells investors in a research note. Blair believes Cognizant is entering a "new phase of growth and profitability," driven by an accelerated artificial intelligence-focused strategy.
Market Perform -> Outperform
upgrade
Reason
Market Perform -> Outperform
Reason
William Blair upgraded Cognizant to Outperform from Market Perform.
Neutral
maintain
$72 -> $78
Reason
UBS raised the firm's price target on Cognizant to $78 from $72 and keeps a Neutral rating on the shares. The beat and raise quarter offers certainty amid uncertainty, the analyst tells investors in a research note.
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.