CGNX · NASDAQ · STOCK
Cognex (CGNX) Stock Analysis
$62.95
52W $34.60 – $72.88
60/100
$10.47B
59.9
1.48
Is CGNX Bullish or Bearish?
Bullish.
Innellis AI committee rates Cognex (CGNX) Buy with a composite score of 60/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.12 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.88 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 44.5% yoy. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 44.5% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 60.4 is expensive by classic value standards — Value
- Price-to-book of 4.0x prices in significant intangible value — Value
- Bollinger bandwidth of 15.3% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 40%
of 287 Technology peers
Value Analyst
bearish
40
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− P/E of 60.4 is expensive by classic value standards
Growth Analyst
bullish
79
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 44.5% YoY
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 15.3% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.9 to 59.9.
- New bearish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
54.7
Neutral
MACD Histogram
0.326
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$61.73
Resistance
$71.56
Bollinger %B
0.71
Inside Bands
Price vs Moving Averages
EMA 9
$62.28
Above
EMA 21
$61.70
Above
EMA 50
$61.87
Above
EMA 200
$57.01
Above
Fundamental Analysis
Valuation
36
Growth
89
Profitability
69
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
59.9×
P/B Ratio
6.46×
PEG Ratio
1.31
Dividend Yield
0.54%
52W High
$72.88
52W Low
$34.60
Quality & Growth
ROE
767.1%
ROA
567.5%
Gross Margin
6886.6%
Operating Margin
2189.6%
Revenue Growth YoY
—
Debt / Equity
0.04
AI Fundamental Assessment
P/E ratio of 59.9 (rich relative to a 15-40x range); Price-to-book of 6.5x; PEG ratio of 1.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 7.7%; Return on assets of 5.7%; Net margin of 16.1%; Gross margin of 68.9%; Current ratio of 3.93 (healthy short-term liquidity); Debt-to-equity of 0.04; Free cash flow per share is positive (1.60); Most recent quarter beat estimates by 4.0%; 5 consecutive earnings beats; EPS growth accelerating (+25.9% -> +32.4% QoQ); Average YoY EPS growth of 80.0%; Analyst estimates rising over recent quarters
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