
Cognex (CGNX) Stock Forecast & Price Target
Cognex (CGNX) Analyst Ratings
Bulls say
Cognex Corp reported a robust revenue increase of 18% year-over-year, totaling $277 million, with adjusted figures indicating a growth of 13% after accounting for the commercial partnership noise. The firm also demonstrated significant profitability with EBITDA soaring 67% to $68.8 million, surpassing guidance and consensus expectations due to enhanced operating leverage and cost discipline. Additionally, the company generated $86 million in free cash flow in Q3, reflecting a strong improvement from $56 million in the same period last year, highlighting its financial health and operational efficiency.
Bears say
Cognex Corp's outlook is negatively impacted by a significant decline in automotive demand, which constitutes approximately 22% of its sales for 2024 and has seen a year-over-year decrease due to lower project activity and overall investment levels. The company's revenue guidance reflects flat EBITDA margins, indicating limited growth potential amid a challenging economic environment, particularly in the automotive and semiconductor sectors, which continue to show weakness. Additionally, uncertainties surrounding global economic conditions could lead to further order deferrals from key customers, exacerbating the difficulties faced by Cognex in maintaining robust demand across its end markets.
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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