- Cognex posted a good fourth quarter, as demand for machine vision for logistics automation remains very strong.
- The company's three largest markets (logistics, autos, and consumer electronics) should all contribute to growth in 2021, and Cognex also has two significant recent product launches to leverage.
- Cognex isn't cheap, but there is a GARP argument for the shares as the total prospective long-term returns appear on par with other high-quality (and lower growth) industrials.
For further details see:
With Auto Capex Set To Recover, Cognex Will Have At Least Three Drivers In 2021