Coherent Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Coherent stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COHR, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Coherent a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Coherent wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
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Coherent, Inc. (NASDAQ:COHR) announced its quarterly earnings data on Wednesday, May, 12th. The scientific and technical instruments company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.28. The scientific and technical instruments company had revenue of $374 million for the quarter, compared to analysts' expectations of $330.76 million. Coherent had a positive trailing twelve-month return on equity of 6.24% and a negative net margin of 12.10%. The company's quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS.
View Coherent's earnings history.

Coherent's stock was trading at $116.87 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, COHR shares have increased by 110.4% and is now trading at $245.94.
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7 brokerages have issued 1 year price objectives for Coherent's stock. Their forecasts range from $140.00 to $215.00. On average, they expect Coherent's stock price to reach $171.67 in the next year. This suggests that the stock has a possible downside of 30.2%.
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25 employees have rated Coherent CEO Andy Mattes on Glassdoor.com. Andy Mattes has an approval rating of 100% among Coherent's employees. This puts Andy Mattes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Coherent include Cognex (CGNX), National Instruments (NATI), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), Vishay Precision Group (VPG) and Daktronics (DAKT).
View all of COHR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherent investors own include NVIDIA (NVDA), Alibaba Group (BABA), Lam Research (LRCX), Applied Materials (AMAT), Broadcom (AVGO), Micron Technology (MU), Universal Display (OLED), Adobe (ADBE), PayPal (PYPL) and Alphabet (GOOG).

Coherent trades on the NASDAQ under the ticker symbol "COHR."

Coherent's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Terril Brothers Inc. (0.25%), Harvest Management LLC (0.11%), Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs.
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COHR stock was sold by a variety of institutional investors in the last quarter, including Terril Brothers Inc..
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COHR stock was purchased by a variety of institutional investors in the last quarter, including Harvest Management LLC, New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
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Shares of COHR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of COHR stock can currently be purchased for approximately $245.94.

Coherent has a market capitalization of $6.03 billion and generates $1.23 billion in revenue each year. The scientific and technical instruments company earns $-414,140,000.00 in net income (profit) each year or $1.44 on an earnings per share basis.

Coherent employs 4,875 workers across the globe.

The official website for Coherent is www.coherent.com.

Coherent is headquartered at 5100 Patrick Henry Drive, Santa Clara CA, 95054.

Coherent's mailing address is 5100 Patrick Henry Drive, Santa Clara CA, 95054. The scientific and technical instruments company can be reached via phone at (408) 764-4000 or via email at [email protected]