CTSH Price Prediction Next Week
Technical Analysis
Based on recent price action, CTSH shows a bearish trend in the short term, with the stock declining from $87.54 to $84.74 on February 21st, representing a -3.05% drop. The stock has formed a bearish engulfing pattern, suggesting potential further downside.
News Impact Recent positive news includes:
- Partnership extension with Etex for 5 years to implement GenAI solutions
- Barclays maintained Overweight rating with increased price target to $103
- RBC Capital raised price target to $93 while maintaining Sector Perform rating
However, the broader market weakness and profit-taking after recent AI-driven rally have pressured the stock price.
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Support: $83.50
- Resistance: $86.75
- Most Likely Range: $84.00-$86.00
The stock is likely to find support around $83.50 level due to:
- Strong fundamental outlook with AI initiatives
- Multiple analyst upgrades
- Positive partnership news
Trading Recommendation: SELL with target entry at $86.00 and stop loss at $87.00
- Current price shows weakness
- Overbought conditions on technical indicators
- Market sentiment turning cautious on AI stocks
- Take profit targets: $84.00, $83.50
The stock may experience a short-term pullback before resuming its uptrend, making it an attractive short-term trading opportunity.
CTSH Similar Chart Price Prediction
The price of CTSH is predicted to go up 9.67%, based on the high correlation periods with TSLA. The similarity of these two price pattern on the periods is 98.87%.
CTSH
TSLA
Up: 9.67%Similarity: 98.87%
CTSH Revenue Forecast
CTSH EPS Forecast
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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
Buy
2025-02-10
Price Target
$95 → $103
Upside
+18.45%
Barclays raised the firm's price target on Cognizant to $103 from $95 and keeps an Overweight rating on the shares. The firm updated the company's model post the earnings report.
James Faucette
Morgan Stanley
Hold
2025-02-06
Price Target
$80 → $85
Downside
-2.4%
James Faucette
Morgan Stanley
Hold
2025-01-31
Price Target
$75 → $80
Downside
-3.16%
