
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp has demonstrated strong year-over-year growth in its Consumer Electronics (CE) segment, which is projected to account for 17% of 2024 sales, bolstered by tailwinds from reshoring activities that positively impact U.S. and European supply chains. Additionally, the Logistics segment, representing 23% of 2024 sales, maintained robust demand, posting its sixth consecutive quarter of year-over-year revenue growth driven by increased capital spending from major e-commerce players and expansion into broader logistics markets. Furthermore, the company is well-positioned to capitalize on innovation in device form factors, with the upcoming product launches likely to enhance its market presence as the fall season approaches.
Bears say
Cognex Corp is experiencing mixed end demand across its markets, with significant revenue growth in the Packaging sector, which makes up 21% of projected 2024 sales, countered by a modest decline in the Semiconductor sector year-over-year. The Automotive market, contributing 22% to 2024 sales, continues to show weakness due to reduced project activity and overall investment levels, compounded by increased costs from trade tariffs. These sector-specific challenges suggest uncertain future demand, raising concerns about Cognex's overall financial performance and outlook.
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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