11 Most Undervalued Tech Stocks to Buy Right Now

7. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Forward P/E: 9.43

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is among the Most Undervalued Stocks.

On May 29, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) said it is opening its TriZetto Unify platform to AI agents. It will target delays in prior authorization and involve physicians in clinical decisions.

President of Cognizant AI Products and Platforms Prasad Sankaran said AI agents are “joining human users in enterprise workflows,” requiring systems that are “policy-governed” and auditable, with future solutions treating agents as “first-tier consumers.”

The company said Electronic Prior Authorization is the first live use case, exposing services through headless APIs that allow automated workflows and agent-based execution.

Surya Gummadi, president of Cognizant Americas, said prior authorization shows “real pressure” to cut administrative costs and added that the AI agents can handle non clinical work and preserve physician oversight.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH), citing American Medical Association data, stated that 95% of physicians report delays tied to prior authorization, and staff spend 13 hours weekly on requests.

The corporation said TriZetto platforms support over 200 million members and process more than $500 billion annually.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) provides information technology, consulting, and business process outsourcing services. It operates through the following segments: Healthcare Sciences, Financial Services, Products and Resources, and Communications, Media, and Technology.

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