Cognex Corporation (CGNX) Receives Price Target

Cognex Corporation (CGNX) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $40. The average forecast of all the analysts is $51.01 and the expected standard deviation is $6.91.

Cognex Corporation (CGNX) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.


Also, Equity Analysts at the CLSA maintains the rating on Cognex Corporation (NASDAQ:CGNX). The brokerage firm has issued a Underperform rating on the shares. The Analysts at the ratings agency raises the price target from $37 per share to $55 per share. The rating by the firm was issued on August 2, 2016.

Cognex Corporation (NASDAQ:CGNX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.85 and $49.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.33, notching a gain of 1.15% for the day. The total traded volume was 282,926 . The stock had closed at $49.76 on the previous day.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks, primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Companys products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world. MVSD develops, manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items, such as cellular phones, aspirin bottles and automobile wheels during the manufacturing or distribution process. The Companys registered marks include Cognex, VisionPro, In-Sight, Checker and DataMan, among others.

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