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CTSH Forecast

Price Forecast:

80% Confidence

Bearish <-> Bullish

Bullish Case: Cognizant's strong partnerships, particularly with IBM, enhance its market position amidst a generally positive sector outlook. Upcoming earnings may further drive bullish sentiment.

Bearish Case: Legal challenges and high valuation ratios (P/B at 4.0) could suppress confidence, increasing downside risks as implied volatility eases over time.

Potential Outcomes: Positive earnings surprise (60%): May lift stock price significantly.
Continued legal setbacks (25%): Potentially depress stock performance.
Sector correction (15%): Macro factors may lead to broader market downturn affecting CTSH.

Trading Oracle: Adopt a bullish debit spread: buy the March 2025 $82.50 call and sell the $85 call. This leverages the recent downtrend in implied volatility for a high reward/risk ratio while banking on positive earnings momentum.

December 12, 2024

Cognizant Technology Forecast

CTSH Cognizant Technology

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with CTSH

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FOUR Shift4 Payments (0.78)

LH Laboratory Corp. Of America (0.75)

Uncorrelated Assets

Assets with little price relationship to CTSH

TEL Registered Shares (0.0)

HIMS Hims & Hers Health (-0.0)

FTI TechnipFMC (0.0)

TTC Toro (-0.01)

VOD Vodafone (0.01)

Anticorrelated Assets

Assets that tend to move strongly against CTSH

VAL Valaris (-0.66)

SIMO Silicon Motion Technology (-0.68)

HUYA HUYA (-0.69)

STNG Scorpio Tankers (-0.71)

SHEL Shell Plc - ADR (Representing) (-0.73)

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