Cognex Corporation (CGNX)
NASDAQ: CGNX · IEX Real-Time Price · USD
39.17
+0.71 (1.85%)
At close: Apr 22, 2024, 4:00 PM
39.39
+0.22 (0.56%)
After-hours: Apr 22, 2024, 7:24 PM EDT
Cognex Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Cognex stock have an average target of 46.89, with a low estimate of 40 and a high estimate of 60. The average target predicts an increase of 19.71% from the current stock price of 39.17.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cognex stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 6 | 6 | 6 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 10 | 10 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $41 → $43 | Hold | Maintains | $41 → $43 | +9.78% | Apr 8, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $42 → $54 | Hold → Strong Buy | Upgrades | $42 → $54 | +37.86% | Mar 19, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $47 | Strong Buy | Initiates | $47 | +19.99% | Mar 14, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $65 → $60 | Strong Buy | Maintains | $65 → $60 | +53.18% | Nov 6, 2023 |
| Stephens & Co. | Stephens & Co. | Hold Maintains $55 → $40 | Hold | Maintains | $55 → $40 | +2.12% | Nov 2, 2023 |
Financial Forecast
Revenue This Year
952.41M
from 837.55M
Increased by 13.71%
Revenue Next Year
1.09B
from 952.41M
Increased by 14.55%
EPS This Year
0.79
from 0.65
Increased by 21.94%
EPS Next Year
1.22
from 0.79
Increased by 53.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.0B | 1.2B | 1.4B | 1.3B |
| Avg | 952.4M | 1.1B | 1.2B | 1.3B |
| Low | 864.7M | 942.4M | 1.0B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 23.0% | 26.8% | 27.5% | 5.6% |
| Avg | 13.7% | 14.6% | 13.2% | 2.6% |
| Low | 3.2% | -1.0% | -4.9% | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.00 | 1.42 | 1.84 |
| Avg | 0.79 | 1.22 | 1.60 |
| Low | 0.58 | 0.92 | 1.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 53.5% | 78.8% | 51.0% |
| Avg | 21.9% | 53.5% | 31.4% |
| Low | -11.0% | 16.2% | 8.7% |
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.