
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corporation reported a revenue increase of 17% year-over-year to $230 million in Q4, notably surpassing both its guidance and consensus expectations. The company demonstrated a significant improvement in its operating margin, which rose to 16.2%, up 600 basis points compared to the previous year, showcasing enhanced operational efficiency. Moreover, the strong performance in key sectors such as Logistics and Semiconductor, with Logistics revenues rising by 20%, indicates robust demand and investment in automation solutions, positioning Cognex favorably for future growth.
Bears say
Cognex Corp reported an adjusted gross profit of $159 million, with an adjusted gross margin of 69.4%, a decline of 130 basis points year-over-year attributed to challenges from Moritex and a shift in sales mix towards logistics. The company anticipates a quarter-over-quarter revenue decline from the fourth quarter of 2024 to the first quarter of 2025, influenced by a sales pull-forward of $6 million to $7 million and a foreign exchange headwind of $4 million. Additionally, the automotive sector, which accounts for 22% of its 2024 revenues, experienced a significant 14% decline, particularly due to weakened demand in the electric vehicle battery market and broader global economic challenges affecting customer purchasing behavior.
This aggregate rating is based on analysts' research of Cognex and is not a guaranteed prediction by Public.com or investment advice.
Cognex (CGNX) Analyst Forecast & Price Prediction
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