Truist initiates Cognizant with 'hold' as AI drives modest gains

Cognizant Technology Solutions

01/06/2026 15:29

** Truist Securities initiates coverage on IT consulting firm Cognizant CTSH.O with "hold" rating
** Sets PT at $66, implying an 18.4% upside to the stock's last close
** Brokerage notes co's deep AI partnerships, but flags that CTSH's rapidly growing AI revenue still represents less than 10% to 15% of total revenue
** "We would look to become more constructive as we see indications of broader adoption of AI in enterprises, which should enable CTSH to accelerate revenue" - Truist
** Average rating of 32 analysts is "buy"; their median PT is $71 - data compiled by LSEG
** Stock has fallen 32.6% YTD

(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))