JPMorgan Analyst Upgrades Cognex Price Target After Company Reports Record Results for FY21

A Cognex logo at its headquarters in Natick, Mass., in November 2017. Google Maps/Screenshot via The Epoch Times

JPMorgan analyst Paul Chung upgraded Cognex Corp to Neutral from Underweight with a price target of $68, down from $80, post the Q4 beat. The price target implies an upside of 10.3 percent.

Cognex’s Q4 FY21 revenue of $244.1 million beat the consensus of $222.96 million. EPS of $0.30 beat the consensus of $0.22.