Cognizant Technology Solutions' Margin Recovery Seems to Be Continuing -- Market Talk

Dow Jones11-01

0529 GMT - Cognizant Technology Solutions' margin recovery seems to be continuing, Nomura analysts say in a research report. The IT services and consulting company's 3Q adjusted EBIT margin widened by 10 bps on quarter, thanks to strong cost discipline, the analysts note. Key margin drivers over the medium term include utilization, automation and productivity. Nomura forecasts Cognizant's adjusted EBIT margin to expand to 15.7% in 2025 from an estimated 15.1% in 2024, with benefits from the company's 'NextGen' initiative. Nomura raises the stock's target price to $100.00 from $89.00 with an unchanged buy rating. The U.S.-listed shares closed 0.3% higher at $74.59 on Thursday. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 01, 2024 01:29 ET (05:29 GMT)

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The IT services and consulting company's 3Q adjusted EBIT margin widened by...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823417737.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480028640","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480028640","pubTimestamp":1730438940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0529 GMT - Cognizant Technology Solutions' margin recovery seems to be continuing, Nomura analysts say in a research report. The IT services and consulting company's 3Q adjusted EBIT margin widened by 10 bps on quarter, thanks to strong cost discipline, the analysts note. Key margin drivers over the medium term include utilization, automation and productivity. Nomura forecasts Cognizant's adjusted EBIT margin to expand to 15.7% in 2025 from an estimated 15.1% in 2024, with benefits from the company's 'NextGen' initiative. Nomura raises the stock's target price to $100.00 from $89.00 with an unchanged buy rating. The U.S.-listed shares closed 0.3% higher at $74.59 on Thursday. 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