Analysts Offer Insights on Technology Companies: Facebook Inc (NASDAQ: FB), Verizon (NYSE: VZ) and Cognizant (NASDAQ: CTSH)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Facebook Inc (NASDAQ: FB), Verizon (NYSE: VZ) and Cognizant (NASDAQ: CTSH).

Facebook Inc (NASDAQ: FB)

In a report issued on July 27, Ross Sandler from Barclays maintained a Buy rating on Facebook Inc (NASDAQ: FB), with a price target of $200. The company’s shares closed yesterday at $172.45, close to its 52-week high of $175.49.

According to TipRanks.com, Sandler is a 5-star analyst with an average return of 9.7% and a 62.7% success rate. Sandler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Angie’s List Inc, and Match Group Inc.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $185.91, representing a 7.8% upside.

In a report issued on July 13, Piper Jaffray also maintained a Buy rating on the stock with a $170 price target.
Verizon (NYSE: VZ)

Barclays analyst Amir Rozwadowski maintained a Hold rating on Verizon (NYSE: VZ) on July 27 and set a price target of $50. The company’s shares closed yesterday at $47.94.

According to TipRanks.com, Rozwadowski is a 4-star analyst with an average return of 6.3% and a 70.4% success rate. Rozwadowski covers the Technology sector, focusing on stocks such as Zayo Group Holdings, America Movil, and CenturyLink.

Currently, the analyst consensus on Verizon is Hold and the average price target is $49.80, representing a 3.9% upside.

In a report issued on July 18, Cowen & Co. also reiterated a Hold rating on the stock with a $49 price target.
Cognizant (NASDAQ: CTSH)

Barclays analyst Darrin Peller maintained a Buy rating on Cognizant (NASDAQ: CTSH) on July 26 and set a price target of $80. The company’s shares closed yesterday at $69.32, close to its 52-week high of $70.49.

According to TipRanks.com, Peller is a top 100 analyst with an average return of 18.8% and a 75.7% success rate. Peller covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on Cognizant is Moderate Buy and the average price target is $72.22, representing a 4.2% upside.

In a report issued on July 12, RBC Capital also reiterated a Buy rating on the stock with a $70 price target.

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