Coherent (COHR) Stock Price, News & Analysis

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COHR shares.
View COHR analyst ratings or view top-rated stocks.

13 brokerages have issued 12 month target prices for Coherent's stock. Their COHR share price targets range from $35.00 to $85.00. On average, they predict the company's share price to reach $58.27 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
View analysts price targets for COHR or view top-rated stocks among Wall Street analysts.

Coherent's stock was trading at $43.53 at the beginning of the year. Since then, COHR stock has increased by 13.1% and is now trading at $49.25.
View the best growth stocks for 2024 here.

Coherent saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,220,000 shares, a decrease of 6.6% from the March 15th total of 4,520,000 shares. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.9% of the company's stock are sold short.
View Coherent's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our COHR earnings forecast.

Coherent will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Coherent Corp. (NYSE:COHR) announced its earnings results on Monday, February, 5th. The scientific and technical instruments company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.23. The scientific and technical instruments company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Coherent had a negative net margin of 5.84% and a positive trailing twelve-month return on equity of 4.96%.

ETFs with the largest weight of Coherent (NYSE:COHR) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), Defiance Quantum ETF (QTUM), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Amplify AI Powered Equity ETF (AIEQ), BlackRock Future Tech ETF (BTEK), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), Roundhill Generative AI & Technology ETF (CHAT) and SPDR S&P 400 Mid Cap Value ETF (MDYV).

Coherent issued an update on its FY24 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of $1.30-1.70 for the period, compared to the consensus estimate of $1.33. The company issued revenue guidance of $4.55-4.70 billion, compared to the consensus revenue estimate of $4.58 billion.

Coherent's stock is owned by many different retail and institutional investors. Top institutional investors include Artemis Investment Management LLP (1.06%), Fort Pitt Capital Group LLC (1.01%), Norris Perne & French LLP MI (0.28%), Thompson Investment Management Inc. (0.12%), Hodges Capital Management Inc. (0.10%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Christopher Koeppen, David L Motley, Francis J Kramer, Howard H Xia, Joseph J Corasanti, Julie Sheridan Eng, Mary Jane Raymond, Vincent D Mattera Jr, Vincent D Mattera Jr and Walter Robert Bashaw II.
View institutional ownership trends.

Shares of COHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.