Cognex (NASDAQ:CGNX) Stock Gets Price Target Trim from KeyCorp

Cognex (NASDAQ:CGNX) had its price target cut by investment analysts at KeyCorp from $80.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the scientific and technical instruments company’s stock. KeyCorp‘s price target points to a potential upside of 36.87% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Cognex from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Barclays boosted their target price on Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Citigroup reissued a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of Cognex in a research note on Friday, August 7th. Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Cantor Fitzgerald raised their price target on Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Cognex Price Performance

Cognex stock opened at $47.49 on Friday. Cognex has a 1 year low of $34.60 and a 1 year high of $72.88. The firm’s 50 day moving average price is $59.36 and its 200-day moving average price is $57.99. The stock has a market cap of $7.99 billion, a P/E ratio of 33.21 and a beta of 1.49.

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

Hedge Funds Weigh In On Cognex

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

Key Cognex News

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.