Shares of Cognex Corp (Symbol: CGNX) recently surpassed the average analyst 12-month target price of $54.00, trading at $54.06 per share. This marks a significant moment as analysts must now decide whether to downgrade their valuation or increase their target prices based on the company’s performance.
Analysts vary in their predictions, with targets ranging from a low of $45.00 to a high of $65.00, resulting in a standard deviation of $7.855. Currently, the Zacks coverage universe reports 2 Strong Buy ratings, 1 Buy rating, 5 Hold ratings, and 1 Strong Sell rating for Cognex, yielding an average rating of 2.59, where 1 is Strong Buy and 5 is Strong Sell.
