Analysts Lift IT Services Targets; Visa Gets a Big Bump

Wells Fargo analyst Jason Kupferberg made two notable calls today. He raised his target on CTSH from $67 to $77. That is a 15% jump. He kept his Buy rating. The consensus target for Cognizant also edged up to $67.70.

Kupferberg also upgraded his target on ACN from $210 to $252. He moved from Hold to a more constructive stance. The 20% target increase signals growing confidence in IT services demand.

Susquehanna's James Friedman made the boldest single move. He lifted his target on V from $427 to $480. That is a 12.4% increase. He kept his Buy rating. The call comes ahead of Visa's earnings and reflects expectations of resilient consumer spending.

EFX saw a consensus target upgrade to $200.35 from $199. MSFT targets edged higher to $603.24. Piper Sandler's Edward Tenthoff made a sharp cut on MRNA, dropping his target from $230 to $167. He maintained Buy, but the 27% target reduction reflects continued pressure on the mRNA pipeline.

CMCSA and DXCM both saw small consensus target trims. Neither downgrade was dramatic, but both point to near-term caution on the respective businesses.