2024-06-25 08:04:48 ET
Summary
- The recently announced acquisition of Belcan serves as an indication of Cognizant's potential inorganic growth opportunities for the medium to long term.
- I am anticipating that CTSH will report a Q2 2024 top-line beat, considering market share gains and better-than-expected IT budgets.
- I revise my rating for Cognizant stock to a Buy in light of potential positive revenue surprises.
Elevator Pitch
I rate Cognizant Technology Solutions Corporation ( CTSH ) stock as a Buy. My earlier January 20, 2024 initiation article highlighted Cognizant's 2023 share price outperformance and the company's financial outlook for the current year....
Read the full article on Seeking Alpha
For further details see:
Cognizant: Expecting Positive Revenue Surprises (Rating Upgrade)