CTSH Price Prediction Next Week
Based on the provided data and recent market developments, here's the analysis for CTSH's stock price prediction for next week:
Technical Analysis
The stock is currently trading at $80.11 with key technical levels:
- Fibonacci resistance levels: R1 at $79.85, R2 at $81.22, R3 at $83.43
- Fibonacci support levels: S1 at $75.42, S2 at $74.05, S3 at $71.84
- RSI(14) at 61.38 indicates moderate bullish momentum without being overbought
- MACD at 0.10 shows positive momentum
News Sentiment Analysis Recent positive catalysts:
- Extended strategic partnership with McDonald's focusing on cloud transformation and AI implementation
- New partnership with CrowdStrike to enhance enterprise security using AI-powered solutions
- Upcoming Q4 earnings release on February 5, 2025, with analysts expecting EPS of $1.13
Price Target Analysis Based on analyst consensus:
- Mean target price: $82.90
- Current price: $80.11
- Implied upside: 10.1%
Next Week's Price Prediction Given the technical indicators and positive news sentiment:
- Base case (60% probability): $81.50-82.50
- Bullish case (30% probability): $83.00-84.00
- Bearish case (10% probability): $78.50-79.50
Trading Recommendation BUY with entry around current levels ($80.11) for the following reasons:
- Strong technical support at Fibonacci S1 ($75.42)
- Multiple positive catalysts from strategic partnerships
- Upcoming earnings catalyst
- Analyst consensus showing 10.1% upside potential
Set stop loss at $78.50 (below current support) and first target at $82.90 (analyst consensus target).
CTSH Similar Chart Price Prediction
The price of CTSH is predicted to go up -7.35%, based on the high correlation periods with TCI. The similarity of these two price pattern on the periods is 95.29%.
CTSH
TCI
Down: -7.35%Similarity: 95.29%
CTSH Revenue Forecast
CTSH EPS Forecast
CTSH FAQs
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CTSH VS S&P500
Enterprises' spending with Cognizant should increase as the enterprise technical landscape gets more and more difficult to navigate and increasingly important in staying competitive.
Cognizant will rely more on automation to handle some of its business process outsourcing, allowing for margin expansion.
Cognizant's traditional consulting business should become a greater portion of overall revenue, strengthening the company's authority in digital IT and expanding profit margins.
CTSH Analyst's Forecast
Ramsey El-Assal
Barclays
Hold → Buy
Price Target
$80 → $95
Upside
+17.24%
Barclays analyst Ramsey El-Assal upgraded Cognizant to Overweight from Equal Weight with a price target of $95, up from $80. The analyst believes the headwinds impacting IT services growth may turn to tailwinds progressing through fiscal 2025, "leading to a thawing of investment dollars." Cognizant has made the necessary investments to capture demand as it returns, the analyst tells investors in a research note. Barclays says interest rates are coming down, inflation is easing, generative artificial intelligence projects are shifting from proof of concept to production, and the overall demand for digital transformation work "looks to be perking up."
Dan Dolev
Mizuho
Hold
Price Target
$83 → $84
Upside
+12.59%
Bryan Bergin
TD Cowen
Hold
Price Target
$75 → $76
Upside
+1.89%