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Cognex Corp has a consensus price target of $49.65 based on the ratings of 20 analysts. The high is $75 issued by Daiwa Capital on January 25, 2022. The low is $39 issued by DA Davidson on August 5, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Needham, and DA Davidson on November 5, 2024, November 1, 2024, and August 5, 2024, respectively. With an average price target of $43 between Truist Securities, Needham, and DA Davidson, there's an implied 5.73% upside for Cognex Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cognex (NASDAQ:CGNX) was reported by Truist Securities on November 5, 2024. The analyst firm set a price target for $43.00 expecting CGNX to rise to within 12 months (a possible 5.73% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Cognex (NASDAQ:CGNX) was provided by Truist Securities, and Cognex downgraded their hold rating.
The last upgrade for Cognex Corp happened on May 7, 2024 when HSBC raised their price target to $52. HSBC previously had a hold for Cognex Corp.
The last downgrade for Cognex Corp happened on November 5, 2024 when Truist Securities changed their price target from $46 to $43 for Cognex Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cognex, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cognex was filed on November 5, 2024 so you should expect the next rating to be made available sometime around November 5, 2025.
While ratings are subjective and will change, the latest Cognex (CGNX) rating was a downgraded with a price target of $46.00 to $43.00. The current price Cognex (CGNX) is trading at is $40.67, which is out of the analyst’s predicted range.
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