Goldman Sachs, under the analysis of Joe Ritchie, has adjusted its price target for Cognex (CGNX, Financial) from a previous target of $33.00 to a new target of $29.00. This adjustment reflects a decrease of approximately 12.12% from the prior target.
The rating for Cognex (CGNX, Financial) by Goldman Sachs remains unchanged at "Sell." This decision to maintain the current rating and adjust the price target signifies continued cautious sentiment towards the stock's performance in the near future.
The financial community recognizes Cognex (CGNX, Financial) for its specialization in machine vision systems, but the latest analyst sentiment suggests there may be challenges affecting its market value.
Investors in Cognex (CGNX, Financial) should pay close attention to these updates, as they may impact investment strategies and future performance outlooks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Cognex Corp (CGNX, Financial) is $36.82 with a high estimate of $53.00 and a low estimate of $27.00. The average target implies an upside of 32.11% from the current price of $27.87. More detailed estimate data can be found on the Cognex Corp (CGNX) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Cognex Corp's (CGNX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cognex Corp (CGNX, Financial) in one year is $47.97, suggesting a upside of 72.12% from the current price of $27.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cognex Corp (CGNX) Summary page.
