Cognyte Software (CGNT) Stock Forecast & Price Target

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$7.60

-0.41 (-5.12%)

(As of 06/18/2024 ET)

Cognyte Software - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 3 Analyst Ratings

Consensus Price Target

$7.75
1.97% Upside

High Forecast	$8.00
Average Forecast	$7.75
Low Forecast	$7.50

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Hold	Hold	N/A	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	N/A	0 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	N/A	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	0 Sell rating(s)
Consensus Price Target	$7.75	$7.75	$5.00	$4.00
Forecasted Upside	1.97% Upside	10.95% Upside	-16.25% Downside	6.29% Upside

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CGNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CGNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cognyte Software Stock vs. The Competition

Type	Cognyte Software	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.60	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	1.97% Upside	208.68% Upside	11.31% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
4/11/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$5.00 ➝ $8.00	+14.61%
4/10/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$5.00 ➝ $7.50	+7.30%
12/21/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$6.00 ➝ $3.00	+12.78%
6/28/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Dipalma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:03 AM ET.

CGNT Forecast - Frequently Asked Questions

What is Cognyte Software's stock forecast and purchase recommendation?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Cognyte Software is $7.75, with a high forecast of $8.00 and a low forecast of $7.50. The consensus rating for Cognyte Software stock is Hold based on the current 3 hold ratings for CGNT. Learn more on CGNT's analyst rating history.
Do Wall Street analysts like Cognyte Software more than its competitors?: Analysts like Cognyte Software less than other "computer and technology" companies. The consensus rating for Cognyte Software is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CGNT compares to other companies.
Does Cognyte Software's stock price have much upside?: According to analysts, Cognyte Software's stock has a predicted upside of 10.95% based on their 12-month stock forecasts.

What analysts cover Cognyte Software?: Cognyte Software has been rated by research analysts at Evercore ISI, Needham & Company LLC, and Wedbush in the past 90 days.