Update shared on10 Sep 2025
Fair value Decreased 1.89%Analysts have trimmed their price target for Cognex to $46.17 as near-term neutrality and only modest improvements outweigh longer-term optimism for margin expansion and demand recovery in 2026.
Analyst Commentary
- Bullish analysts expect improving demand across most end markets to drive a return to normalized upcycle operating leverage by 2026.
- Out-year EBITDA margins are anticipated in the low- to mid-20% range, outpacing the company’s previously stated 20% 2026 target.
- Upgrades and higher price targets reflect optimism around accelerating earnings growth and operating leverage as the industrial cycle recovers.
- General sector strength and expectations for solid Q2 results have prompted raised price targets for Cognex and its peers.
- Neutral outlooks persist among some analysts, who foresee modest improvements rather than dramatic outperformance for the company.
What's in the News
- Cognex provided Q3 2025 revenue guidance of $245–$265 million, or $253–$279 million including a one-time benefit from a commercial partnership.
- From March 2025 to June 2025, no shares were repurchased under the ongoing buyback program; the company has completed repurchasing 8,169,000 shares for $336.44 million since March 2022.
- Cognex was dropped from multiple Russell growth benchmarks and indices, including Russell 1000, 2500, 3000, Midcap, and Small Cap Comp Growth.
Valuation Changes
Summary of Valuation Changes for Cognex
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $47.06 to $46.17.
- The Net Profit Margin for Cognex has fallen from 21.00% to 19.40%.
- The Future P/E for Cognex has risen from 35.72x to 38.05x.
Disclaimer
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