Wedbush Rates Cognizant Technology Solutions (CTSH) Outperform

Wedbush maintains its Outperform rating on Cognizant Technology Solutions with a price target of $70, a 7.78% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:17 PM EDT

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Wedbush rated Cognizant Technology Solutions Corporation ($CTSH) "Outperform" with a $70 price target on October 9, 2026.

Since the rating, $CTSH is up 11.5% after 1 week and up 11.5% to date (from the $59.20 close on Oct 9, 2026).

CTSH Cognizant Technology Solutions Corporation

$66.03 -17.29% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Wedbush reiterated its Outperform rating on Cognizant Technology Solutions (CTSH) with a price target of $70.
Wedbush's $70 price target implies 7.78% upside from Cognizant Technology Solutions Corporation's ($CTSH) current $64.95 share price.
Cognizant's shares are recently trading at $64.95, which is 7.2% below Wedbush's target.
The company is set to report earnings on October 28, 2026, with trailing twelve-month revenue of $21.64 billion.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Cognizant Technology Solutions Corporation alert may contain errors. Disclosures

Cognizant Technology Solutions Corporation (CTSH) received a reaffirmed rating from Wedbush on October 9, 2026. The firm reiterated its Outperform rating and maintained a price target of $70. This target reflects the firm's positive outlook on the company’s future performance.

Cognizant's shares are currently trading at $64.95, which places them about 7.2% below the Wedbush price target. This suggests that the stock still has room to grow according to the firm's expectations.

Cognizant Technology Solutions Corporation Stock Down 1.2%

Cognizant's stock is currently trading below its analyst target. The shares closed at an unspecified price on the event date but are valued at $64.95 recently. This price is indicative of a potential opportunity for growth based on Wedbush's target of $70.

12-month forecast

$CTSH price target

Cognizant Technology Solutions Corporation daily closes and this analyst's $70 target. Not advice.

Recent Earnings

Cognizant reported trailing twelve-month revenue of approximately $21.64 billion, with a net margin of 10.3% and a return on equity of 14.9%. The company is expected to announce its next earnings on October 28, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D- 33/100

Reported Apr 29, 2026

Forward outlook
9 target cuts vs 0 raises.
EPS & revenue
EPS beat estimates by 3.0%. Revenue missed estimates by 2.0%.
Profit surprise
EBITDA met by 1 percent. Operating income met by 1 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
9 target cuts.
Earnings quality
Gross margin down 4.0 points. Operating margin down 1.6 points. Positive free cash flow.

Earnings Call Summary

Cognizant delivered solid first quarter results with revenue of $5.4 billion growing 3.9 percent year over year, led by strong Financial Services growth above 10 percent and large deal wins in North America. The company signed 7 deals above $100 million including one mega deal worth over $500 million, with bookings growth reaching 21 percent, the strongest in recent history. Management emphasized the shift toward becoming an AI builder through three vectors: AI-led productivity using 40 percent AI-assisted code, industrializing AI across platforms, and identifying enterprise opportunities through agentic solutions.

Guidance Cognizant reaffirmed full year revenue guidance of 4 to 6.5 percent growth and raised adjusted operating margin guidance to 16 to 16.2 percent. The company expects second quarter revenue growth of 3.2 to 4.7 percent. Management plans to invest most of the $200 million to $300 million in Project LEAP savings back into AI capabilities and growth while still expanding margins.

Very weak report. The release materially worsened the forward outlook.

Insider Buying and Selling at Cognizant Technology Solutions Corporation

Recent insider transactions include several sales by officers at Cognizant. For instance, John Sunshin Kim sold 2,500 shares at an average price of $63.37 on September 2, 2026, totaling about $158,431. Alina Kerdman also sold shares on August 31 and September 14, with respective transactions valued at $9,121 and $8,362. These sales occurred prior to the current event.

Analysts Set New Price Targets

On October 9, 2026, Wedbush reiterated its rating of Outperform with a price target of $70. Earlier, Deutsche Bank maintained a Buy rating with a target of $70, up from $65, on September 18, 2026. The consensus among analysts has been generally positive, reflecting confidence in Cognizant's growth potential.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a professional services company that offers consulting, technology, and outsourcing services globally. The firm operates in various sectors, including Financial Services and Health Sciences, and employs around 356,700 people. This diverse service offering and strong market presence contribute to its optimistic outlook in the tech industry.

Bottom Line

Investors should watch for Cognizant's upcoming earnings report on October 28, 2026, as it will provide further insights into the company's performance. With Wedbush's reiterated price target of $70, there’s potential for upward movement in the stock as it trades below this target.