
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corporation reported a robust revenue growth of 17% year-over-year, reaching $230 million, which aligns with its guidance and surpasses consensus estimates. The company's non-GAAP operating margin saw substantial improvement, increasing by 600 basis points to 16.2%, reflecting enhanced operational efficiency and profitability. Moreover, segments such as logistics and semiconductor markets demonstrated significant demand, with logistics revenue rising 20% year-over-year, indicating strong market penetration and investment, particularly from e-commerce sectors.
Bears say
Cognex Corp's financial performance indicates several challenges that contribute to a negative outlook for its stock. The company's adjusted gross profit was $159 million with a gross margin of 69.4%, reflecting a year-over-year decline attributed to negative factors such as a shift in revenue mix and pricing pressures in markets like China. Additionally, the automotive sector, which constitutes a significant portion of revenue, experienced a 14% decline in 2024, largely due to reduced demand in the electric vehicle battery market and concerns regarding potential order deferrals amid slower global economic conditions.
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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