Reported 1 day ago
Citi has raised its price target for Cognex Corporation (NASDAQ:CGNX) from $30 to $37, while maintaining a Neutral rating. The firm expressed cautious optimism as it anticipates stable results and modest earnings revisions for 2025 in the industrial sector. Cognex is expected to benefit from improving demand trends, particularly in electronics, automotive, and logistics, as it has made significant investments in image processing and 3D vision technologies that are crucial for modern manufacturing. Although analysts acknowledge Cognex’s improved positioning, they suggest that other AI stocks might offer better investment potential.
Source: YAHOO