Morgan Stanley Cuts Cognizant Price Target to $44

Insider Monkey··Read original
2▲0 ▼1Impact / 5
Summary · why it matters

Morgan Stanley cut its price target on Cognizant Technology Solutions from $63 to $44 while keeping an Equal Weight rating. The firm cited stable-to-slightly worse demand trends, particularly for larger managed services deals, and warned that the lack of demand acceleration through mid-June raises concerns about second-half expectations. Earlier in June, Wedbush upgraded the stock to Outperform and raised its price target by $14. Pzena Investment Management added to its position in the first quarter, viewing AI disruption fears as overblown.

Impact on assets 2

Artificial Intelligence▼ · 1 stocks
Financials▲ · 1 stocks

Off-coverage companies 2

Pzena Investment Management, Inc.Private± Mixed
relevance

Wedbush Inc.Private± Mixed
relevance

© 2026 MarketIVNews