Cognex Reaches Analyst Target Price
September 03, 2018 at 09:38 AM EDT
In recent trading, shares of Cognex Corp (CGNX) have crossed above the average analyst 12-month target price of $53.67, changing hands for $53.80/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..