Cognex price target raised to $55 from $38 at DA Davidson

DA Davidson raised the firm’s price target on Cognex (CGNX) to $55 from $38 and keeps a Neutral rating on the shares. The firm is boosting its 2026 projections, reflecting a higher organic revenue growth outlook and additional cost reduction initiatives, while introducing its initial 2027 estimates, the analyst tells investors in a research note. Performance across Cognex segments appears to be seeing some level of stability and improvement, the firm adds.