Berenberg initiates Cognizant with 'buy' on AI investments
ReutersJan 22, 2026 11:26 AM
Berenberg initiates coverage on IT consulting firm Cognizant CTSH.O with "buy" rating
Sets PT at $107, implying an upside of 27.3% to stock's last close; shares up marginally premarket
Berenberg expects CTSH's revenue to grow 6.2% every year between FY25 and FY27, "driven by the company's favourable set-up following changes to management, the targeted restructuring and the significant investment in AI since 2023"
Average rating of 28 analysts is "hold," their median PT is $87 - data compiled by LSEG
In 2025, stock rose 7.9%
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