JP Morgan has downgraded Cognex Corp (CGNX) to Underweight from Neutral as of December 2, 2025. The stock is currently priced at $38.63.
This downgrade suggests increased caution regarding Cognex's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could impact the company's performance. Cognex, a global provider of machine vision products and solutions, operates in the electrical equipment industry and is headquartered in Natick, Massachusetts.
With a market capitalization of $6.4 billion, Cognex has a P/E ratio of 57.89 and earnings per share (EPS) of 0.65. The company is set to report its next earnings on July 28, 2026, with an expected EPS of $0.31 and revenue of $274.0 million. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $0.33, exceeding estimates by 11.9%.
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