Stephens upgrades Cognex on ‘conviction’ in logistics revenue accelerating

As previously reported, Stephens upgraded Cognex (CGNX) to Overweight from Equal Weight with a price target of $55, up from $45. The firm is increasing its 2025/2026 revenue estimates as it now has “sufficient conviction” in accelerating logistics revenue powering a return to double-digit total company revenue growth next year, the analyst tells investors. Positive trends supporting the firm’s thesis include accelerating logistics warehouse leasing activity across North America, including at Amazon (AMZN), and constructive commentary from a range of end-market vendors, the analyst added.