Cognizant expanded its strategic partnership with AI company Anthropic to become a Global Premier Partner. The company will embed Anthropic’s Claude AI model into industry-specific platforms to move enterprise AI from experimentation to production. This initiative specifically targets operations within the manufacturing, life sciences, and insurance sectors.
In separate news, Guggenheim lowered its price target for Cognizant to $65 from $80. The firm cited macroeconomic concerns and potential reductions in 2026 guidance for the adjustment. Guggenheim maintained its Buy rating on the stock despite the lower target.