Robotics and E-Commerce: 2 Hot Trends, 1 Stock to Invest In
So you want to invest in robotics and e-commerce stocks but don't know how? One option would be to buy stocks with heavy exposure to either of these areas -- but what about buying one stock with significant exposure to both? That's where Cognex Corporation (NASDAQ: CGNX) comes in. Let's take a look at the how and why.
Cognex Corporation offers growth from robotics and e-commerce. Image source: Getty Images
The company describes itself as the "world's leading provider of vision systems, vision software, vision sensors, and industrial ID readers used in manufacturing automation." Cognex operates in a niche market of the factory automation space; its main competitor is a small part of a much larger corporation, Japan's Keyence.
Source: Fool.com
Cognex Corp. Stock
€43.61
-0.190%
Currently there is a rather positive sentiment for Cognex Corp. with 11 Buy predictions and 3 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 10.07% compared to the current price of 43.61 € for Cognex Corp..
