Needham analyst James Ricchiuti reiterated a Buy rating on Cognex (NASDAQ:CGNX) Corp on Wednesday, setting a price target of $95, which is approximately 22.53% above the present share price of $77.53.
Ricchiuti expects Cognex Corp to post earnings per share (EPS) of $0.45 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Cognex, with an average price target of $95.83.
The analysts price targets range from a high of $110 to a low of $80.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $284.85 million and a net profit of $88.75 million. The company's market cap is $13.71 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 68.87% success rate.
Cognex Corp. engages in the provision of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The company was founded by Robert J. Shillman, William Silver, and Marilyn Matz in 1981 and is headquartered in Natick, MA.