Cognex (NASDAQ:CGNX) Price Target Cut to $65.00 by Analysts at KeyCorp

Key Points

• KeyCorp lowered Cognex’s price target from $80 to $65 but maintained an “overweight” rating; the new target implies 36.87% upside from the prior close.
• Analyst sentiment remains broadly positive: Cognex has a “Moderate Buy” consensus rating and an average price target of $74.50.
• Cognex reported quarterly EPS of $0.53, ahead of estimates, while revenue grew 13% year over year to $313.4 million—slightly below consensus.

Cognex (NASDAQ:CGNX - Get Free Report) had its price target lowered by stock analysts at KeyCorp from $80.00 to $65.00 in a report released on Friday, Benzinga reports. The firm currently has an "overweight" rating on the scientific and technical instruments company's stock. KeyCorp's price objective would suggest a potential upside of 36.87% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald boosted their price objective on shares of Cognex from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Truist Financial set a $74.00 target price on Cognex and gave the company a "hold" rating in a research note on Monday, October 5th. Zacks Research lowered Cognex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. DA Davidson restated a "neutral" rating and issued a $65.00 price target on shares of Cognex in a research note on Wednesday, September 23rd. Finally, Wall Street Zen downgraded Cognex from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cognex presently has an average rating of "Moderate Buy" and a consensus price target of $74.50.

Cognex Price Performance

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

Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $313.39 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts anticipate that Cognex will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in Cognex by 21.6% during the second quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 170 shares during the period. State of Michigan Retirement System lifted its position in shares of Cognex by 0.5% in the first quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company's stock valued at $1,952,000 after acquiring an additional 200 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Cognex by 81.3% in the third quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 200 shares during the period. SYM FINANCIAL Corp boosted its stake in shares of Cognex by 6.3% in the third quarter. SYM FINANCIAL Corp now owns 3,372 shares of the scientific and technical instruments company's stock worth $204,000 after acquiring an additional 201 shares during the period. Finally, Eastern Bank boosted its stake in shares of Cognex by 20.0% in the third quarter. Eastern Bank now owns 1,242 shares of the scientific and technical instruments company's stock worth $75,000 after acquiring an additional 207 shares during the period. Institutional investors own 88.12% of the company's stock.

Cognex News Summary

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.

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