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TD Cowen Keeps Their Buy Rating on Cognex (CGNX)

Tipranks - Wed Feb 18, 6:58AM CST

TD Cowen analyst Joseph C Giordano maintained a Buy rating on Cognex on February 13 and set a price target of $75.00. The company’s shares closed last Friday at $58.79.

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According to TipRanks, C Giordano is a 5-star analyst with an average return of 12.0% and a 62.39% success rate. C Giordano covers the Industrials sector, focusing on stocks such as IDEX, Pentair, and Ametek.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cognex with a $59.50 average price target, implying a 1.21% upside from current levels. In a report released yesterday, HSBC also upgraded the stock to a Buy with a $68.00 price target.

Based on Cognex’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $276.89 million and a net profit of $17.66 million. In comparison, last year the company earned a revenue of $234.74 million and had a net profit of $29.59 million

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