Cognex (CGNX) PT Raised to $135 at Cowen on 2Q Beat; 'Magnitude of 3Q Guide Incredible... Vision Technology Continues to Penetrate Large Markets'

August 2, 2017 3:59 PM EDT
Get Alerts CGNX Hot Sheet
Price: $48.54 -0.82%

Rating Summary:
    10 Buy, 12 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 17 | New: 16
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Cowen raised its price target on Cognex (NASDAQ: CGNX) to $135.00 (from $100.00) while maintaining a Outperform rating, following the company's second quarter announcement.

Analyst Joseph Giordano notes the company delivered second quarter earnings per share and revenue results above consensus projections, while management offered very positive outlook and guidance, with CGNX's vision technology finding large market penetration.

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