Wells Fargo Raises CTSH Price Target to $77

By TradeTexts Research Desk Oct 26, 2026, 11:15 AM EDT

Key Points

Wells Fargo raised its price target on Cognizant Technology Solutions from $67 to $77, keeping an Overweight rating.
Wells Fargo's $77 price target implies 9.16% upside from Cognizant Technology Solutions Corporation's ($CTSH) current $70.54 share price.
The stock recently traded around $70.54, up about 1.8% since it closed at $69.32 on the same day.
Cognizant has a market cap of about $31.8 billion and a P/E ratio of 15.2, reflecting its position in the technology sector.

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Wells Fargo raised its price target on Cognizant Technology Solutions Corporation (CTSH) to $77 from $67 on October 26, 2026, while maintaining an Overweight rating. This change reflects the firm's positive outlook on Cognizant's growth potential in the technology sector.

Cognizant's stock closed at $69.32 on October 26, 2026, and has since traded recently around $70.54. This recent price is about 1.8% above its closing price on the event date. The stock is also trading well above its 50-day and 200-day moving averages, which are $61.51 and $59.44, respectively.

CTSH Cognizant Technology Solutions Corporation

$70.54 -11.64% year to date

Daily close · Oct 23, 2026

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -0.22% hypothetical

All-time return -0.22% S&P 500 +0.89%

vs. S&P 500 -1.11% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Cognizant Technology Solutions Corporation Stock Down 4.3%

Cognizant's stock is currently trading at $70.54, which is above its 50-day and 200-day moving averages, indicating a strong upward trend. However, it remains about 18.9% below its 52-week high of $87.03. The stock's performance suggests growing investor confidence, particularly following Wells Fargo's recent price target increase.

12-month forecast

$CTSH price target

Cognizant Technology Solutions Corporation daily closes and this analyst's $77 target. Not advice.

Recent Earnings

Cognizant reported a trailing twelve-month revenue of approximately $21.64 billion and an EPS of $4.65. The company has shown a revenue growth of 4.5% year-over-year and a net margin of 10.3%. Its next earnings report is scheduled for October 29, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D- 33/100

Reported Apr 29, 2026

Forward outlook
9 target cuts vs 0 raises.
EPS & revenue
EPS beat estimates by 3.0%. Revenue missed estimates by 2.0%.
Profit surprise
EBITDA met by 1 percent. Operating income met by 1 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
9 target cuts.
Earnings quality
Gross margin down 4.0 points. Operating margin down 1.6 points. Positive free cash flow.

Earnings Call Summary

Cognizant delivered solid first quarter results with revenue of $5.4 billion growing 3.9 percent year over year, led by strong Financial Services growth above 10 percent and large deal wins in North America. The company signed 7 deals above $100 million including one mega deal worth over $500 million, with bookings growth reaching 21 percent, the strongest in recent history. Management emphasized the shift toward becoming an AI builder through three vectors: AI-led productivity using 40 percent AI-assisted code, industrializing AI across platforms, and identifying enterprise opportunities through agentic solutions.

Guidance Cognizant reaffirmed full year revenue guidance of 4 to 6.5 percent growth and raised adjusted operating margin guidance to 16 to 16.2 percent. The company expects second quarter revenue growth of 3.2 to 4.7 percent. Management plans to invest most of the $200 million to $300 million in Project LEAP savings back into AI capabilities and growth while still expanding margins.

Very weak report. The release materially worsened the forward outlook.

Dividend

Cognizant pays an annual dividend of $1.32 per share, which translates to a yield of 1.87%. The company's payout ratio stands at 27.5%, reflecting a balanced approach to returning value to shareholders while maintaining growth.

Analysts Set New Price Targets

On October 26, 2026, Wells Fargo maintained its Overweight rating on Cognizant, raising the price target to $77 from $67. This comes as part of a broader analysis where other firms, like Deutsche Bank and Wedbush, have also expressed positive sentiments, with targets of $70.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a professional services company that provides consulting, technology, and outsourcing services across North America, Europe, and internationally. It operates in four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. The recent upgrades in price targets reflect optimism about its growth and performance in the technology sector.

Bottom Line

Investors will be watching Cognizant closely as it approaches its next earnings date on October 29, 2026. The recent price target increase from Wells Fargo suggests continued interest in the company’s potential. Analysts remain optimistic, with a consensus recommendation of "buy" and an average price target of approximately $67.10.