
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp reported a year-over-year revenue increase of 18% to $277 million, exceeding guidance and consensus expectations, demonstrating strong demand for its machine vision products. The firm's EBITDA rose 67% to $68.8 million, reflecting improved operating efficiency and cost management. Additionally, Cognex generated $86 million in free cash flow, up from $56 million in the prior year, indicating robust financial health and a solid foundation for continued growth.
Bears say
Cognex Corp is facing a challenging outlook, primarily due to a significant decline in demand from the automotive sector, which constitutes approximately 22% of its projected 2024 sales. Weak project activity and lower investment levels in automotive, compounded by ongoing economic uncertainties, are expected to further suppress revenue growth within this crucial segment. Additionally, while the company anticipates EBITDA margins will remain flat year-over-year, overall mixed demand across other markets and the potential for order deferrals indicate broader vulnerabilities that may hinder financial performance.
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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