KeyCorp Has Lowered Expectations for Cognex (NASDAQ:CGNX) Stock Price

Posted by George Bondi on Nov 8th, 2026

Cognex (NASDAQ:CGNX – Get Free Report) had its price target dropped by analysts at KeyCorp from $80.00 to $65.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. KeyCorp‘s target price would suggest a potential upside of 36.04% from the company’s current price.

Several other brokerages also recently commented on CGNX. Cantor Fitzgerald lifted their target price on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Cognex from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Truist Financial set a $74.00 price target on shares of Cognex and gave the company a “hold” rating in a report on Monday, October 5th. Needham & Company LLC lowered their price target on Cognex from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday. Finally, HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.93.

View Our Latest Stock Analysis on CGNX

Cognex Stock Up 0.6%

Shares of CGNX stock opened at $47.78 on Friday. Cognex has a 12 month low of $34.60 and a 12 month high of $72.88. The company has a market cap of $8.04 billion, a PE ratio of 33.41 and a beta of 1.49. The business’s 50 day moving average is $59.06 and its two-hundred day moving average is $58.04.

Cognex (NASDAQ:CGNX – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Cognex had a net margin of 21.50% and a return on equity of 15.75%. The business had revenue of $313.39 million during the quarter, compared to analysts’ expectations of $313.62 million. During the same period in the previous year, the company earned $0.33 earnings per share. Cognex’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts expect that Cognex will post 1.70 EPS for the current fiscal year.

Hedge Funds Weigh In On Cognex

Several large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Cognex in the 2nd quarter valued at $26,000. Rakuten Securities Inc. acquired a new position in shares of Cognex during the second quarter valued at about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of Cognex during the second quarter valued at about $32,000. Mather Group LLC. lifted its stake in shares of Cognex by 81.3% in the third quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 200 shares during the period. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Cognex by 635.4% in the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 413 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Key Cognex News

Here are the key news stories impacting Cognex this week:

Positive Sentiment: Cognex reported record Q3 results, with earnings of $0.53 per share beating estimates and revenue growing year over year. Management raised its 2026 revenue outlook to $1.14 billion–$1.16 billion and cited margin expansion and stronger logistics demand. Q3 earnings call outlook and margin expansion
Positive Sentiment: The planned RealSense acquisition could add growth opportunities, while management is targeting further margin expansion. Cognex reports record third-quarter results and RealSense acquisition
Positive Sentiment: The company raised its quarterly dividend by 5.9% to $0.09 per share, a modest signal of confidence in cash generation.
Negative Sentiment: Several firms cut their price targets: Stephens lowered its target to $70, KeyCorp to $65, Needham to $70, and Truist to $57. The cuts may temper enthusiasm despite the improved outlook; ratings remain mostly overweight or buy, while Truist is at hold. Stephens price-target change