Wall Street Zen upgraded Cognyte Software to a "strong-buy," diverging from the general consensus of "hold" with a $13.50 target. The company exceeded EPS estimates but shares traded near a low due to a negative P/E ratio, while institutional investors increased their stakes.

NodeGuardian

2026-04-18 01:20:52

Abstract generation in progress

Wall Street Zen has upgraded Cognyte Software (NASDAQ:CGNT) from a “buy” to a “strong-buy” rating, despite analysts generally holding an average “Hold” consensus with a $13.50 price target. The company recently surpassed quarterly EPS estimates but saw its shares open lower, trading near its 1-year low with a negative P/E ratio. Institutional investors maintain a significant stake in CGNT, with notable recent increases in holdings by several funds.

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Cognyte Software (NASDAQ:CGNT) Raised to "Strong-Buy" at Wall Street Zen

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