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Cognyte Software Ltd. (CGNT)
NASDAQ: CGNT · IEX Real-Time Price · USD
7.81
+0.13 (1.69%)
At close: Jul 2, 2024, 4:00 PM
7.84
+0.03 (0.38%)
After-hours: Jul 2, 2024, 7:58 PM EDT

Cognyte Software Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Cognyte Software stock have an average target of 8.25, with a low estimate of 7.50 and a high estimate of 9.00. The average target predicts an increase of 5.63% from the current stock price of 7.81.

Analyst Consensus: Hold
Target Low Average Median High
Price $7.50 $8.25 $9.00 $9.00
Change -3.97% +5.63% +15.24% +15.24%

Analyst Ratings

The average analyst rating for CGNT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 000000
Buy 000000
Hold 222333
Sell 000000
Strong Sell 000000
Total 222333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Daniel Ives
Wedbush
 Wedbush
Hold
Maintains
$8 → $9
 Hold Maintains $8 → $9 +15.24% Jun 20, 2024
Mike Cikos
Needham
 Needham
Hold
Reiterates
n/a
 Hold Reiterates n/a n/a Jun 18, 2024
Mike Cikos
Needham
 Needham
Hold
Reiterates
n/a
 Hold Reiterates n/a n/a May 17, 2024
Daniel Ives
Wedbush
 Wedbush
Hold
Maintains
$5 → $8
 Hold Maintains $5 → $8 +2.43% Apr 11, 2024
Kirk Materne
Evercore ISI Group
 Evercore ISI Group
Hold
Maintains
$5 → $7.5
 Hold Maintains $5 → $7.5 -3.97% Apr 10, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
345.80M
from 313.40M
Increased by 10.34%
Revenue Next Year
371.60M
from 345.80M
Increased by 7.46%
EPS This Year
-0.13
from -0.22
EPS Next Year
-0.06
from -0.13
Year 2019202020212022202320242025202620272028
Revenue
457.11M443.46M474.04M312.06M313.40M345.80M371.60M401.57M429.83M457.67M
Revenue Growth
5.46%-2.99%6.90%-34.17%0.43%10.34%7.46%8.07%7.04%6.48%
EPS
0.310.22-0.22-1.68-0.22-0.13-0.06---
EPS Growth
138.46%-29.03%--------
Forward PE
----------
No. Analysts -----54333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 357.3M 384.7M 413.4M 442.5M 471.1M
Avg 345.8M 371.6M 401.6M 429.8M 457.7M
Low 331.3M 353.4M 385.8M 413.0M 439.7M

Revenue Growth

Revenue Growth 20242025202620272028
High
14.0%
11.3%
11.2%
10.2%
9.6%
Avg
10.3%
7.5%
8.1%
7.0%
6.5%
Low
5.7%
2.2%
3.8%
2.8%
2.3%

EPS Forecast

EPS 20242025
High -0.12 -0.05
Avg -0.13 -0.06
Low -0.14 -0.08

EPS Growth

EPS Growth 20242025
High - -
Avg - -
Low - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.