Top 10 AI News Updates Trending on Wall Street

5. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Number of Hedge Fund Holders: 39

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a professional services company that provides consulting, technology, and outsourcing services. It provides customer experience, robotic process automation, analytics, and AI services in areas such as digital lending and next-generation payments. On February 7th, Mizuho Securities increased its price target on the stock to $87 from $84 and reiterated a Neutral rating.

The IT service giant has also received a significant boost from universal multi-channel bank insurer KBC Group, which renewed its relationship on February 10th. The renewal, which runs to 2027, paves the way for Cognizant to offer a suite of IT and business transformation solutions. The company is to provide IT services in application development, maintenance, data service, and quality engineering. The KBC contract renewal comes on the heels of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) integrating AI features to make its IT solutions more effective and competitive.