Cognizant Technology Solutions Corporation (CTSH) To Transform Global Workplace Services For Leading Vehicle Maker

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is among the 10 Best Magic Formula Stocks for 2026. On February 24, the company announced that it had been selected by a leading vehicle maker to transform its global workplace services.

This will be a multi-year collaboration to enhance and modernize the manufacturer’s global facilities through artificial intelligence and automation. According to the company’s press release, its digital workplace services suite, Cognizant WorkNEXT, will be leveraged for the initiative.

Earlier in the month, on February 17, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) expanded its partnership with Wallenius Wilhelmsen, which will see the company providing the shipping and vehicle logistics firm with strategic technology services.

These services will include infrastructure and core business applications, which will help in enhancing Wallenius Wilhelmsen’s position as an integrated supply chain provider.

In other news, the stock continues to be on analysts’ radar. As of the close of business on February 23, it is a Moderate Buy with an average upside potential of 50.6%. Recent analyst updates include Wells Fargo reiterating its Overweight rating on the stock, with a price target of $98, last week.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an IT consulting and outsourcing services company that helps clients modernize, reenvision, and transform their businesses.

While we acknowledge the potential of CTSH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Best Military Technology Stocks to Buy Right Now and 10 Best Meme Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.