
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp has demonstrated strong financial performance, with revenues increasing by 12% year-over-year when excluding the Moritex acquisition, and total revenues reaching $230 million, which represents a 17% growth from the previous year. The company's operating margin showed substantial improvement, rising to 16.2%, an increase of 600 basis points year-over-year, indicating effective cost management and operational efficiency. Additionally, the logistics segment, accounting for 23% of total revenues, grew by 20% due to renewed investments from e-commerce players and wider market penetration, highlighting robust demand across key industries.
Bears say
Cognex Corp reported an adjusted gross profit of $159 million and a gross margin of 69.4%, reflecting a year-over-year decline due to challenges related to product mix and pricing pressures, particularly in China. The company anticipates a quarter-over-quarter revenue decline attributed to a pull-forward of sales and foreign exchange headwinds. Additionally, there is notable weakness in its automotive segment, with a 14% revenue drop in 2024, compounded by overall sluggish global economic conditions that may further dampen demand for its factory automation solutions.
This aggregate rating is based on analysts' research of Cognex and is not a guaranteed prediction by Public.com or investment advice.
Cognex (CGNX) Analyst Forecast & Price Prediction
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