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
€36.54
-0.300%
Our community is currently high on Cognex Corp. with 14 Buy predictions and 3 Sell predictions.
With a target price of 49 € there is a positive potential of 34.1% for Cognex Corp. compared to the current price of 36.54 €.
