Cognex (CGNX) Stock Forecast & Price Target

$38.48

-0.48 (-1.23%)

(As of 09/18/2024 ET)

Cognex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for Cognex in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a sell rating, 5 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CGNX.

Consensus Price Target

$49.62
28.94% Upside

High Forecast	$60.00
Average Forecast	$49.62
Low Forecast	$39.00

According to the 14 analysts' twelve-month price targets for Cognex, the average price target is $49.62. The highest price target for CGNX is $60.00, while the lowest price target for CGNX is $39.00. The average price target represents a forecasted upside of 28.94% from the current price of $38.48.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	1 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$49.62	$49.62	$49.15	$51.00
Forecasted Upside	28.94% Upside	19.79% Upside	12.59% Upside	4.53% Upside

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CGNX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CGNX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cognex Stock vs. The Competition

Type	Cognex	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	28.94% Upside	163.78% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/5/2024	DA Davidson 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$41.00 ➝ $39.00	+5.83%
8/5/2024	Stephens 4 of 5 stars		Reiterated Rating	Equal Weight ➝ Equal Weight	$45.00 ➝ $45.00	+20.29%
8/5/2024	Robert W. Baird 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$46.00 ➝ $42.00	+9.89%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$45.00 ➝ $39.00	+2.04%
8/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$55.00 ➝ $46.00	+18.19%
7/29/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$48.00 ➝ $57.00	+14.73%
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7/23/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mccarthy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$58.00	+14.94%
5/7/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$52.00	+13.89%
5/3/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$52.00 ➝ $55.00	+25.60%
4/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$41.00 ➝ $43.00	+4.93%
3/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$42.00 ➝ $54.00	+34.63%
11/6/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$65.00 ➝ $60.00	+65.47%
10/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$55.00	+31.26%
10/2/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight
8/7/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$47.00 ➝ $46.00	-6.83%
8/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$45.00 ➝ $46.00	-8.42%
6/23/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
2/17/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $48.00	-13.22%
2/1/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/22/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$55.00 ➝ $50.00	+3.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:57 PM ET.

CGNX Forecast - Frequently Asked Questions

What is Cognex's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognex is $49.62, with a high forecast of $60.00 and a low forecast of $39.00.
Should I buy or sell Cognex stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CGNX shares.
Does Cognex's stock price have much upside?: According to analysts, Cognex's stock has a predicted upside of 19.79% based on their 12-month stock forecasts.
What analysts cover Cognex?: Cognex has been rated by research analysts at DA Davidson, Needham & Company LLC, Robert W. Baird, Stephens, The Goldman Sachs Group, Truist Financial, and Vertical Research in the past 90 days.
Do Wall Street analysts like Cognex more than its competitors?: Analysts like Cognex less than other "computer and technology" companies. The consensus rating score for Cognex is 2.57 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how CGNX compares to other companies.