5 Best NASDAQ Stocks to Buy for Dividends

Page 1 of 5

In this article, we will take a look at the 5 Best NASDAQ Stocks to Buy for Dividends. For a deeper discussion and analysis, please refer to the 12 Best NASDAQ Stocks to Buy for Dividends.

5 Best NASDAQ Stocks to Buy for Dividends

Photo by Dan Dennis on Unsplash

5. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Number of Hedge Fund Holders: 50

Dividend Yield as of June 25: 3.37%

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value.

On June 23, Morgan Stanley cut its price target on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) from $63 to $44, but reaffirmed its ‘Equal Weight’ rating on the shares. The lowered target still implies an upside of almost 4% from the current price level.

Morgan Stanley believes that demand trends are “stable-to-slightly worse”, especially when it comes to securing larger managed services deals. According to the firm, the lack of any demand acceleration through mid-June raises concerns about the market’s expectations for a strong second half of the year, creating potential downside risks to the current Wall Street forecasts.

On the other hand, Wedbush analyst Steven Wahrhaftig turned bullish on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earlier on June 8, upgrading the stock from ‘Neutral’ to ‘Outperform’ and lifting its price objective by $14 (read more details here).

Pzena Investment Management stated the following regarding Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in its Q1 2026 investor letter:

“The health care, financials, and technology sectors were the largest detractors from performance during the quarter. Leading IT services provider Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was weak, despite reporting robust 4Q earnings with peer leading organic growth, due to fears around AI disruption to the services industry more broadly. We continue to see these fears as overblown and added to our position on weakness.”

Page 1 of 5
1281292 - 11759070 - 1