Citi analyst Piyush Avasthy has revised the price target for Cognex (CGNX, Financial), reducing it from $37 to $26 while maintaining a Neutral rating on the stock. This adjustment is part of a broader evaluation of the U.S. electrical equipment and industrial conglomerates sector ahead of Q1.
Citi's analysis suggests that the Trump Administration's focus on protectionist policies might eventually revive the sector's long-term growth prospects. The firm anticipates that this could result in value creation within the industry, despite current fluctuations.
For the upcoming Q1 performance, Citi expects the sector’s orders and earnings to remain largely stable. The firm’s insights underscore the belief that the foundational demand in the sector is likely to endure, regardless of external policy shifts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Cognex Corp (CGNX, Financial) is $40.82 with a high estimate of $60.00 and a low estimate of $29.00. The average target implies an upside of 70.43% from the current price of $23.95. More detailed estimate data can be found on the Cognex Corp (CGNX) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Cognex Corp's (CGNX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cognex Corp (CGNX, Financial) in one year is $48.38, suggesting a upside of 102% from the current price of $23.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cognex Corp (CGNX) Summary page.
