Mixed Sentiment Surrounds Cognex and Atlassian Amid Analyst Opinions
Cognex (CGNX) shares have been subject to varying opinions from analysts. Quinn Fredrickson from Robert W. Baird reiterated a Hold rating on the company, with shares closing last Thursday at $67.38.
Fredrickson is a 3-star analyst with an average return of 7.8% and a 56.5% success rate. The Technology sector has seen him cover stocks such as Keysight Technologies, Badger Meter, and Zebra Tech.
Cognex has a Moderate Buy consensus among analysts, with a price target consensus of $77.27, representing a 7.1% upside from current levels. D.A. Davidson also maintained a Hold rating on the stock with a $62.00 price target.
Atlassian (TEAM) shares have seen a boost in confidence from Morgan Stanley analyst Adam Wood, who maintained a Buy rating and set a price target of $180.00. The company's shares closed last Thursday at $110.17.
Wood is a 4-star analyst with an average return of 8.0% and a 54.6% success rate. He covers the Technology sector, focusing on stocks such as Salesforce, ServiceNow, and Microsoft.
Atlassian has a Strong Buy consensus among analysts, with a price target consensus of $174.00, representing a 60.0% upside from current levels.