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Analysts Offer Insights on Technology Companies: Cognex (CGNX) and Coinbase Global (COIN)

Analysts have been eager to weigh in on the Technology sector with new ratings on Cognex (CGNXResearch Report) and Coinbase Global (COINResearch Report).

Cognex (CGNX)

J.P. Morgan analyst Paul J Chung maintained a Sell rating on Cognex on September 21 and set a price target of $41.00. The company’s shares closed last Thursday at $42.31, close to its 52-week low of $40.55.

According to TipRanks.com, Chung is a 1-star analyst with an average return of -6.1% and a 37.5% success rate. Chung covers the Technology sector, focusing on stocks such as Resideo Technologies, Motorola Solutions, and Avid Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cognex with a $52.09 average price target.

See today’s best-performing stocks on TipRanks >>

Coinbase Global (COIN)

In a report released today, Ken Worthington from J.P. Morgan maintained a Hold rating on Coinbase Global, with a price target of $60.00. The company’s shares closed last Thursday at $62.94, close to its 52-week low of $40.83.

According to TipRanks.com, Worthington is a 2-star analyst with an average return of 0.4% and a 48.0% success rate. Worthington covers the Financial sector, focusing on stocks such as Victory Capital Holdings, Bridge Investment Group, and Janus Henderson Group.

Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $96.50.

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