Cognizant, Gentherm Sign Agreement For Strategic Product Engineering Services And DevelopmentOof A New Delivery Center

6/17/24 8:04:52 AM ET

$CTSH

$THRM

EDP Services

Technology

Auto Parts:O.E.M.

Consumer Discretionary

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Agreement expected to help develop next generation of innovative products, elevate customer vehicle experiences, and improve everyday life

TEANECK, N.J., June 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced an agreement to provide engineering services to Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems. Cognizant is providing systems engineering, validation, and model-based development services from Hyderabad, India, and has created a test facility to conduct research and development for Gentherm products.

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Company	Date	Price Target	Rating	Analyst
Gentherm Inc $THRM	10/21/2024	$56.00	Underweight → Neutral	JP Morgan
Cognizant Technology Solutions Corporation $CTSH	8/28/2024	$90.00	Buy	Jefferies
Cognizant Technology Solutions Corporation $CTSH	8/7/2024	$73.00 → $75.00	Underperform → Neutral	BofA Securities
Cognizant Technology Solutions Corporation $CTSH	6/24/2024	$72.00	Neutral	Goldman
Cognizant Technology Solutions Corporation $CTSH	4/1/2024	$87.00 → $80.00	Positive → Neutral	Susquehanna
Cognizant Technology Solutions Corporation $CTSH	3/19/2024	$80.00	Neutral	Guggenheim
Cognizant Technology Solutions Corporation $CTSH	1/30/2024	$82.00	Neutral	Mizuho
Cognizant Technology Solutions Corporation $CTSH	1/5/2024	$67.00	Hold → Sell	Societe Generale

Cognizant, Gentherm Sign Agreement For Strategic Product Engineering Services And DevelopmentOof A New Delivery Center

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