Cognex: Attractively Priced Despite Near-Term Headwinds

  • Cognex's business continues to face a fairly soft demand environment. A situation that could be exacerbated by tariffs. Looking beyond this, the adoption of automation will continue to increase, supported in part by the rapidly increasing capabilities of AI. If tariffs remain in place, reshoring could also provide a boost as companies invest in infrastructure to support the restructuring of supply chains.