Cognex (NASDAQ:CGNX) Stock Price Target Lowered at Needham & Company LLC

Cognex (NASDAQ:CGNX) had its price target lowered by stock analysts at Needham & Company LLC from $80.00 to $70.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. Needham & Company LLC‘s price objective indicates a potential upside of 47.40% from the company’s previous close.

Other analysts have also issued reports about the company. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Monday, August 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Cognex in a report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “neutral” rating and set a $74.00 price objective (up from $72.00) on shares of Cognex in a report on Friday, August 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $65.00 target price on shares of Cognex in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Cognex Trading Down 10.5%

NASDAQ:CGNX opened at $47.49 on Friday. The stock has a market capitalization of $7.99 billion, a PE ratio of 35.85 and a beta of 1.49. The firm’s 50 day moving average is $59.36 and its 200 day moving average is $57.99. Cognex has a 12 month low of $34.60 and a 12 month high of $72.88.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. Cognex had a return on equity of 16.24% and a net margin of 21.50%. The business had revenue of $313.39 million for the quarter, compared to the consensus estimate of $313.62 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Cognex’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts predict that Cognex will post 1.68 earnings per share for the current year.

Institutional Trading of Cognex

A number of hedge funds and other institutional investors have recently made changes to their positions in CGNX. BlackRock Inc. bought a new position in Cognex in the 2nd quarter worth about $1,158,123,000. Jupiter Topco LLC purchased a new position in Cognex during the 2nd quarter valued at about $161,425,000. Bank of New York Mellon Corp bought a new stake in shares of Cognex during the second quarter valued at about $129,348,000. Front Street Capital Management Inc. bought a new stake in shares of Cognex during the second quarter valued at about $90,581,000. Finally, Bamco Inc. NY purchased a new stake in shares of Cognex in the second quarter worth about $90,605,000. 88.12% of the stock is currently owned by institutional investors.

Trending Headlines about Cognex

Here are the key news stories impacting Cognex this week:

• Positive Sentiment: Q3 adjusted earnings were $0.53 per share, ahead of estimates, while revenue rose 13% year over year to $313.4 million. The company cited strong automation demand, margin expansion and cost discipline. Cognex Q3 Earnings Beat on Strong Demand and Margin Expansion
• Positive Sentiment: Cognex raised its 2026 revenue outlook to $1.14 billion–$1.16 billion, a sign of confidence in demand and its growth prospects. Cognex forecasts 2026 revenue
• Positive Sentiment: The company announced a 5.9% increase in its quarterly dividend, to $0.09 per share. Cognex declares quarterly cash dividend
• Neutral Sentiment: Cognex plans to acquire RealSense, with the deal targeted to close in Q4. The acquisition could add growth opportunities, though integration and execution remain to be seen. Cognex reports third-quarter results and RealSense acquisition
• Negative Sentiment: Despite the earnings beat, Q3 revenue of $313.4 million came in just below analyst expectations. The stock’s decline suggests investors may have wanted a stronger beat or more compelling guidance. Cognex reports Q3 results in line with expectations

Cognex Company Profile

Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.

The company’s product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.