Published on 11 Apr 2024 on Simply Wall St. via Yahoo Finance
At US$41.14, Is It Time To Put Cognex Corporation (NASDAQ:CGNX) On Your Watch List?
Cognex Corporation (NASDAQ:CGNX), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Let’s examine Cognex’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
View our latest analysis for Cognex
Is Cognex Still Cheap?