Needham Maintains Buy on Cognex, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Cognex (NASDAQ:CGNX) and raises the price target from $48 to $57.
July 29, 2024 | 10:05 am
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Needham analyst James Ricchiuti maintains a Buy rating on Cognex and raises the price target from $48 to $57.
The raised price target and maintained Buy rating from a reputable analyst are positive signals for investors, likely leading to a short-term increase in CGNX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100