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Cognex (CGNX) Stock Forecast & Price Target

$48.16
-0.35 (-0.72%)
(As of 05/21/2024 ET)

Cognex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 15 Analyst Ratings

Consensus Price Target

$49.15
2.06% Upside
High Forecast$60.00
Average Forecast$49.15
Low Forecast$41.00
TypeCurrent Forecast
5/22/23 to 5/21/24
1 Month Ago
4/22/23 to 4/21/24
3 Months Ago
2/21/23 to 2/21/24
1 Year Ago
5/22/22 to 5/22/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
6 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$49.15$47.70$48.56$50.17
Forecasted Upside2.06% Upside15.69% Upside13.81% Upside2.75% Upside
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CGNX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CGNX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cognex Stock vs. The Competition

TypeCognexComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.40
2.59
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside1.33% Upside184.91% Upside8.08% Upside
News Sentiment RatingVery Positive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/7/2024HSBC
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 UpgradeHold ➝ Buy$52.00+13.89%
5/7/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$47.00 ➝ $50.00+12.38%
5/6/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$36.00 ➝ $41.00-7.37%
5/3/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$52.00 ➝ $55.00+25.60%
5/3/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$40.00 ➝ $45.00+2.76%
5/3/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$40.00 ➝ $44.00+1.48%
5/3/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$46.00 ➝ $48.00+10.70%
4/8/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$41.00 ➝ $43.00+4.93%
3/19/2024UBS Group
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 UpgradeNeutral ➝ Buy$42.00 ➝ $54.00+34.63%
11/6/2023Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$65.00 ➝ $60.00+65.47%
10/5/2023BNP Paribas
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 Initiated CoverageOutperform$55.00+31.26%
10/2/2023KeyCorp
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 Initiated CoverageSector Weight ➝ Sector Weight
8/7/2023Credit Suisse Group
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 Lower TargetNeutral ➝ Neutral$47.00 ➝ $46.00-6.83%
8/4/2023Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$45.00 ➝ $46.00-8.42%
6/23/2023CL King
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 Initiated CoverageNeutral
2/17/2023Cowen
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 Lower Target$50.00 ➝ $48.00-13.22%
2/1/2023Northcoast Research
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 DowngradeBuy ➝ Neutral
11/22/2022Cowen
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 DowngradeOutperform ➝ Market Perform$55.00 ➝ $50.00+3.52%
8/12/2022JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$40.00-17.49%
8/9/2022Daiwa Capital Markets
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 Lower Target$54.00+18.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:26 PM ET.

CGNX Frequently Asked Questions

What is Cognex's stock forecast and purchase recommendation?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognex is $49.15, with a high forecast of $60.00 and a low forecast of $41.00. The consensus rating for Cognex stock is Hold based on the current 2 sell ratings, 6 hold ratings, 6 buy ratings and 1 strong buy rating for CGNX. Learn more on CGNX's analyst rating history.

Do Wall Street analysts like Cognex more than its competitors?

Analysts like Cognex less than other "computer and technology" companies. The consensus rating for Cognex is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CGNX compares to other companies.

Is Cognex being upgraded by Wall Street analysts?

Over the previous 90 days, Cognex's stock had 2 upgrades by analysts.

Does Cognex's stock price have much upside?

According to analysts, Cognex's stock has a predicted upside of 12.59% based on their 12-month stock forecasts.

What analysts cover Cognex?

Cognex has been rated by research analysts at Citigroup, HSBC, Needham & Company LLC, Robert W. Baird, Sanford C. Bernstein, Stephens, The Goldman Sachs Group, Truist Financial, and UBS Group in the past 90 days.


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This page (NASDAQ:CGNX) was last updated on 5/21/2024 by MarketBeat.com Staff

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