Berenberg initiates Cognizant with 'buy' on AI investments

Cognizant Technology Solutions

22/01/2026 11:26

** 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%

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))