Stephens & Co. Maintains Equal-Weight on Cognex, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Tommy Moll maintains an Equal-Weight rating on Cognex (NASDAQ:CGNX) and raises the price target from $40 to $45.
May 03, 2024 | 6:55 pm
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Stephens & Co. maintains an Equal-Weight rating on Cognex, with a raised price target from $40 to $45.
The increase in price target by Stephens & Co. reflects a positive outlook on Cognex's future performance. This adjustment suggests that the analyst sees potential for growth or improvement in the company's stock value, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100