On May 19, JPMorgan upgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) from Neutral to Overweight and raised the price target from $88 to $92. The upgrade comes after the company reported its fiscal first quarter results for 2025, where it beat market expectations. The company grew its revenue by 7.46% year-over-year to $5.12 billion, beating expectations by $52 million. The EPS came in at $1.23, outperforming the analysts' expectations by $0.03. Cognizant Technology Solutions (CTSH) Upgraded to Overwieght from Neutral at JPMorgan

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JPMorgan noted that Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been making significant strides in closing the growth gap as compared to its peers. The company is achieving this by focusing on execution, closing large deals, and employee retention. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported growing its total bookings by 3% on a 12-month trailing basis, with four large deals, including a mega deal worth more than $500 million TCV. The firm believes that Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is aligned with the cost-cutting project trend and is capturing a fair share of large projects. Moreover, the firm also likes the vertical revenue mix of the company.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a multinational company that provides artificial intelligence, digital engineering, consulting, application development, systems integration, and other related services to businesses.

While we acknowledge the potential of CTSH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CTSH and that has 100x upside potential, check out our report about the cheapest AI stock.

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