Cognex Co. Receives Low ‘Reduce’ Rating from Analysts, with Average Price Target of $51.27

August 13, 2023

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Cognex Co. has recently received a “Reduce” rating from analysts, with an average price target of $51.27. Nine ratings firms are covering the stock. Cognex Corporation ($NASDAQ:CGNX) is a global technology leader in the industrial automation industry. Their offerings help companies to improve product quality, increase productivity, reduce costs and enhance their customers’ experiences. Cognex products are used in a wide range of industries including automotive, electronics, pharmaceuticals, food and beverage, and medical devices.

Additionally, Cognex has developed an AI-powered vision platform that can be used for inspection and guidance applications in a broad range of industries. This platform is designed to help companies maximize the performance and reliability of their automation systems.

Market Price

On Monday, COGNEX CORPORATION stock opened at $49.4 and closed at $50.0, up by 1.3% from last closing price of 49.4. Despite this small increase in share price, analysts at Credit Suisse issued a ‘Reduce’ rating for COGNEX CORPORATION, setting an average price target of $51.27. The ‘Reduce’ rating suggests that investors should try to sell their positions in COGNEX CORPORATION as the stocks are seen to have limited upside potential.

This is due to several recent developments that have caused a decline in the company’s stock value. Analysts have suggested that investors should wait for further developments before investing in the company’s stock. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cognex Corporation. More…

    Total Revenues Net Income Net Margin
    892.69 172.38 18.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cognex Corporation. More…

    Operations Investing Financing
    207.18 -68.56 -138.57
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cognex Corporation. More…

    Total Assets Total Liabilities Book Value Per Share
    2k 517.65 8.59
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cognex Corporation are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    9.0% 18.1% 20.6%
    FCF Margin ROE ROA
    21.1% 7.9% 5.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of COGNEX CORPORATION‘s fundamentals and have determined that it is a medium risk investment in terms of financial and business aspects. Specifically, our Risk Rating has led us to this conclusion. Additionally, our analytics have identified two risk warnings present in both the income sheet and the balance sheet. If you register with us, you can gain access to these risk warnings and more in-depth insights into the company’s financials. We hope that our research can help you make informed decisions about your investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Cognex Corp is in competition with Henan Thinker Automatic Equipment Co Ltd, Quantum Computing Inc, and Faro Technologies Inc. All four of these companies are leaders in the development and manufacturing of automatic equipment and software for a variety of industries. Cognex Corp has a strong focus on research and development, which has allowed them to stay ahead of the competition and maintain a leading market share.

    – Henan Thinker Automatic Equipment Co Ltd ($SHSE:603508)

    Henan Thinker Automatic Equipment Co Ltd is a company that manufactures and sells automatic equipment. The company has a market capitalization of 4.7 billion as of 2022 and a return on equity of 5.64%. The company’s products include automatic machines for various industries such as food and beverage, pharmaceutical, and chemical. The company also provides services such as installation, training, and maintenance.

    – Quantum Computing Inc ($NASDAQ:QUBT)

    Quantum Computing Inc is a publicly traded company that designs, manufactures, and markets quantum computers. As of 2022, the company has a market capitalization of 69.84 million and a return on equity of -25.37%. The company’s quantum computers are based on the principles of quantum mechanics and are used for various applications such as data security, early detection of disease, and large-scale simulation.

    – Faro Technologies Inc ($NASDAQ:FARO)

    Faro Technologies Inc is a publicly traded company that provides 3D measurement, imaging, and realization solutions. Its products are used in a variety of industries, including automotive, aerospace, construction, and manufacturing. The company has a market cap of 490.95M as of 2022 and a return on equity of -3.5%.


    Cognex Corporation (NASDAQ: CGNX) has recently received a consensus rating of “Reduce” from nine analysts covering the stock. On average, the analysts have given Cognex Corporation a price target of $51.27. Investors should take this rating into consideration when evaluating the stock for long-term investments. Analysts have observed that the company’s sales and earnings have been declining lately, leading to a decrease in investor confidence. The company’s balance sheet also shows signs of weakness, which could hurt their ability to compete in the market.

    Additionally, recent macro-economic trends may have an impact on Cognex’s stock price. Investors should do their own research and consider their own risk tolerance before making any investment decisions.

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