Cognex (CGNX) Stock Forecast & Price Target

$39.61 -0.92 (-2.27%)

(As of 11/15/2024 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

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
4

Buy
6

Based on 11 Wall Street analysts who have issued ratings for Cognex in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 4 have given a hold rating, and 6 have given a buy rating for CGNX.

Consensus Price Target

$47.91
20.95% Upside

According to the 11 analysts' twelve-month price targets for Cognex, the average price target is $47.91. The highest price target for CGNX is $58.00, while the lowest price target for CGNX is $39.00. The average price target represents a forecasted upside of 20.95% from the current price of $39.61.

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CGNX Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$47.91	$50.00	$49.62	$48.64
Forecasted Upside	20.95% Upside	25.03% Upside	25.74% Upside	31.66% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Hold

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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	2.45	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	20.95% Upside	551.81% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent CGNX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/5/2024	Truist Financial 2 of 5 stars	J. Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$46.00 ➝ $43.00	+5.26%
11/1/2024	Needham & Company LLC 3 of 5 stars		Lower Target	Buy ➝ Buy	$50.00 ➝ $47.00	+16.83%
10/16/2024	Stephens 4 of 5 stars	T. Moll Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$45.00 ➝ $55.00	+38.57%
8/5/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$41.00 ➝ $39.00	+5.83%
8/5/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
Get the Latest News and Ratings for CGNX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cognex and its competitors with MarketBeat's FREE daily newsletter.
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 Saturday at 09:37 PM ET.

CGNX Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognex is $47.91, with a high forecast of $58.00 and a low forecast of $39.00.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There is currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CGNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGNX, but not buy additional shares or sell existing shares.
: According to analysts, Cognex's stock has a predicted upside of 20.95% based on their 12-month stock forecasts.
: Over the previous 90 days, Cognex's stock had 1 upgrade and 1 downgrade by analysts.
: Cognex has been rated by research analysts at Needham & Company LLC, Stephens, and Truist Financial in the past 90 days.
: Analysts like Cognex less than other "computer and technology" companies. The consensus rating for Cognex is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CGNX compares to other companies.

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This page (NASDAQ:CGNX) was last updated on 11/16/2024 by MarketBeat.com Staff

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Cognex (CGNX) Stock Forecast & Price Target