NASDAQ · STOCK
Cognex
$65.29
52W $34.60 – $72.88
55/100
$10.86B
75.9
1.49
Is CGNX Bullish or Bearish?
Mixed.
Innellis AI committee rates Cognex (CGNX) Watch with a composite score of 55/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.58 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -15.42 from today. The band boundary is 45.0, 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 — 4 consecutive earnings beats -- consistent execution. Value Analyst remains cautious — p/e of 77.0 is expensive by classic value standards. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- 4 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.51 means this name should amplify a favorable market regime — Macro
- News sentiment is positive (+0.17 across 6 articles, 14d) — News
Bear Case
- P/E of 77.0 is expensive by classic value standards — Value
- Price-to-book of 4.0x prices in significant intangible value — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 16.1% 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 July 31, 2026
Overall Committee Score
55/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 36%
of 172 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 77.0 is expensive by classic value standards
Growth Analyst
bullish
77
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ 4 consecutive earnings beats -- consistent execution
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish 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 16.1% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
63
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.17 across 6 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 55.3 to 55.4.
- Committee agreement increased notably from 43% to 57%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 6 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: stance bearish->neutral; score 38->48 (+10).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
60.0
Neutral
MACD Histogram
-0.102
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$61.73
Resistance
$71.56
Bollinger %B
0.68
Inside Bands
Price vs Moving Averages
EMA 9
$62.46
Above
EMA 21
$63.34
Above
EMA 50
$63.08
Above
EMA 200
$53.85
Above
Fundamental Analysis
Valuation
3
Growth
81
Profitability
0
Financial Health
100
Cash Flow
37
Valuation
P/E Ratio
75.9×
P/B Ratio
7.35×
PEG Ratio
3.08
Dividend Yield
0.01%
52W High
$72.88
52W Low
$34.60
Quality & Growth
ROE
7.7%
ROA
5.7%
Gross Margin
68.0%
Operating Margin
18.8%
Revenue Growth YoY
—
Debt / Equity
0.05
AI Fundamental Assessment
P/E ratio of 75.9 (rich relative to a 15-40x range); Price-to-book of 7.3x; PEG ratio of 3.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.7%; Current ratio of 3.55 (healthy short-term liquidity); Debt-to-equity of 0.05; Free cash flow margin of 1.0% (thin cash generation); Free cash flow per share is positive (1.45); Most recent quarter beat estimates by 34.1%; 4 consecutive earnings beats; EPS growth accelerating (-18.2% -> +25.9% QoQ); Analyst estimates falling over recent quarters
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