- Warehouse automation is set to grow, benefiting companies like Cognex (CGNX, Financial).
- Analysts project significant upside for Cognex with an average price target of $37.19.
- Cognex holds an "Outperform" recommendation with notable upside potential.
Warehouse automation investments are expected to see a substantial upsurge as technology evolves and labor costs ascend. Cognex Corp (CGNX) stands as a prominent beneficiary of this trend. A recent survey conducted by UBS highlights that two-thirds of industry decision-makers plan to increase their automation budgets by 5% over the next year, with a particular focus on machine vision technologies.
Wall Street Analysts Forecast
According to projections from 17 analysts, the average one-year price target for Cognex Corp (CGNX, Financial) is $37.19, with estimates ranging from a low of $27.00 to a high of $53.00. This average target suggests an upside of 18.22% from the current share price of $31.46. For more in-depth estimate data, visit the Cognex Corp (CGNX) Forecast page.
Twenty brokerage firms have provided a consensus recommendation for Cognex Corp (CGNX, Financial), averaging a brokerage recommendation score of 2.4, which indicates an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 equates to a Strong Buy and 5 represents a Sell.
According to GuruFocus estimates, the projected GF Value for Cognex Corp (CGNX, Financial) one year from now is $48.26. This implies a potential upside of 53.4% over the current price of $31.46. The GF Value is calculated by considering the historical trading multiples of the stock, past growth, and future business performance estimates. For a more detailed analysis, visit the Cognex Corp (CGNX) Summary page.
