Raymond James analyst Brian Gesuale reiterated a Buy rating on Cognex (NASDAQ:CGNX) Corp on Thursday, setting a price target of $100, which is approximately 11.31% above the present share price of $89.84.
Gesuale expects Cognex Corp to post earnings per share (EPS) of $0.50 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Cognex, with an average price target of $85.75.
The analysts price targets range from a high of $110 to a low of $65.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $251.07 million and a net profit of $97.16 million. The company's market cap is $15.69 billion.
According to TipRanks.com, Raymond James analyst Brian Gesuale is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.9% and a 75.34% 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.