1 Undervalued Growth Stock That Could Soar in 2022
The stock of machine-vision company Cognex (NASDAQ: CGNX) has been severely beaten up in the sell-off of technology stocks in 2022. However, a couple of things about its recent results strongly suggest the sell-off was unjustified and that the stock has a lot of upside potential this year. Here's the lowdown.
There are two key takeaways from the earnings report:
It's no secret that most of the industrial sector battled supply chain pressures over the winter. The issues have been evident since the fall of 2021 and were exacerbated by the resurgence of COVID-19 cases. As a result, many companies reported revenue shortfalls in the fourth quarter during the recent earnings season.
Source Fool.com
