Can Cognex (CGNX) Run Higher on Rising Earnings Estimates?

Cognex Corporation (CGNX) has received a Zacks Rank #2 (Buy) rating due to significant upward revisions in earnings estimates. The company's consensus estimates increased 41.61% over the last 30 days for the current quarter and 13.41% for the full year, with analysts expecting $0.50 per share for the current quarter and $1.65 for the full year. The stock has gained 6.8% over the past four weeks, with potential for further upside.