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Cognyte Software (CGNT) Stock Forecast & Price Target

$7.60
-0.34 (-4.28%)
(As of 07/17/2024 ET)

Cognyte Software - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Cognyte Software in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 3 have given a hold rating for CGNT.

Consensus Price Target

$8.25
8.55% Upside
High Forecast$9.00
Average Forecast$8.25
Low Forecast$7.50

According to the 3 analysts' twelve-month price targets for Cognyte Software, the average price target is $8.25. The highest price target for CGNT is $9.00, while the lowest price target for CGNT is $7.50. The average price target represents a forecasted upside of 8.55% from the current price of $7.60.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$8.25$7.75$7.75$4.00
Forecasted Upside8.55% Upside10.95% Upside10.95% Upside6.29% Upside
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CGNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CGNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cognyte Software Stock vs. The Competition

TypeCognyte SoftwareComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.00
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside8.55% Upside107.21% Upside7.89% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/20/2024Wedbush
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$8.00 ➝ $9.00+18.42%
6/18/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingHold
4/10/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$5.00 ➝ $7.50+7.30%
12/21/2022Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHold$6.00 ➝ $3.00+12.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:33 AM ET.

CGNT Forecast - Frequently Asked Questions

What is Cognyte Software's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognyte Software is $8.25, with a high forecast of $9.00 and a low forecast of $7.50.

Should I buy or sell Cognyte Software stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cognyte Software in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CGNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGNT, but not buy additional shares or sell existing shares.

Does Cognyte Software's stock price have much upside?

According to analysts, Cognyte Software's stock has a predicted upside of 13.09% based on their 12-month stock forecasts.

What analysts cover Cognyte Software?

Cognyte Software has been rated by research analysts at Needham & Company LLC, and Wedbush in the past 90 days.

Do Wall Street analysts like Cognyte Software more than its competitors?

Analysts like Cognyte Software less than other "computer and technology" companies. The consensus rating for Cognyte Software is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CGNT compares to other companies.


This page (NASDAQ:CGNT) was last updated on 7/18/2024 by MarketBeat.com Staff

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