Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp reported a 12% year-over-year revenue growth, excluding the impact of the Moritex acquisition, highlighting strong performance particularly in the Logistics sector, which required renewed investments from e-commerce players and accounted for 23% of total revenues. The company achieved an impressive non-GAAP operating margin of 16.2%, reflecting a significant increase of 600 basis points from the previous year and an 80 basis points improvement from the prior quarter, indicating enhanced operational efficiency. Overall, total revenues for the fourth quarter reached $230 million, marking a 17% year-over-year increase, which exceeded guidance and consensus expectations, suggesting a robust demand environment for Cognex’s machine vision products.
Bears say
Cognex Corp reported an adjusted gross profit of $159 million and an adjusted gross margin of 69.4%, reflecting a year-over-year decline due to challenges related to the Moritex acquisition, a revenue mix shift towards logistics, and pricing pressures, particularly in China. A projected quarter-over-quarter decline in revenue from 4Q’24 to 1Q’25 is influenced by a sales pull-forward of $6 million to $7 million and a $4 million foreign exchange headwind, indicating potential revenue instability. Additionally, the automotive sector, which constitutes 22% of revenues, experienced a significant 14% decline in 2024 due to weakened demand in the base auto business and reduced investments in the EV battery market, further exacerbating the negative 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
Start investing in Cognex (CGNX)
Order type
Buy in
Order amount
Est. shares
0 shares