Needham Maintains Buy on Cognex, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Cognex (CGNX) and raises the price target from $46 to $48.
May 03, 2024 | 11:43 am
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POSITIVE IMPACT
Needham maintains a Buy rating on Cognex and raises the price target from $46 to $48.
The upgrade in price target by Needham reflects a positive outlook on Cognex's future performance, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100