
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp reported a year-over-year revenue increase of 18%, reaching $277 million, and noted that adjusted revenues, excluding a commercial partnership contribution, rose 13% on a constant currency basis, indicating strong underlying sales performance. The company's EBITDA soared by 67% year-over-year to $68.8 million, surpassing guidance, which reflects effective cost management and enhanced operating leverage. Additionally, Cognex generated $86 million in free cash flow during the quarter, marking a significant increase from $56 million in the same period last year, underscoring solid financial health and operational efficiency.
Bears say
Cognex Corp has experienced a notable year-over-year decline in demand within its automotive segment, which constitutes approximately 22% of its 2024 sales, primarily due to a general slowdown in project activity and reduced investment levels in the sector. The company's revenue growth appears mixed across other end markets, with modest gains in packaging being offset by a decline in the semiconductor market, highlighting ongoing challenges in demand stabilization. Additionally, Cognex's projected EBITDA margins are expected to remain flat year-over-year, indicating potential difficulties in improving profitability amidst a backdrop of slower 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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