Daiwa analyst Jairam Nathan has maintained their bullish stance on CGNX stock, giving a Buy rating on February 3.
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Jairam Nathan has given his Buy rating due to a combination of factors related to Cognex’s recent performance and market outlook. The company reported strong fourth-quarter results, with revenue reaching the high end of its guidance range, driven primarily by robust sales in the logistics and semiconductor sectors. This was accompanied by impressive margin performance, which exceeded expectations due to effective cost management.
Looking ahead, despite some anticipated challenges in the first quarter of 2025, such as a slight decline in revenue expectations and foreign exchange headwinds, Nathan sees potential for growth. The outlook is bolstered by the company’s strategic expansion into small and medium-sized businesses and a recovering factory automation market. These elements combined suggest a positive trajectory for Cognex, justifying the Buy rating.
In another report released on February 3, Bernstein also maintained a Buy rating on the stock with a $52.00 price target.