Latest news with #BRiley
Yahoo
6 days ago
- Business
- Yahoo
B Riley Lowers COHR Price Target to $77 Amid Optical Sector Multiple Contraction
B Riley analyst Dave Kang recently lowered the price target on Coherent Corp. (NYSE:COHR) to $77 from $95 and kept a Neutral rating on the shares following the fiscal Q3 report. COHR develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. The reduced target reflects the multiple contraction of the optical group in recent months, the analyst tells investors in a research note. The advisory also remains concerned about the upcoming co-packaged optic headwind. A row of precision industrial lasers in action, cutting the most intricate of shapes. While releasing third fiscal quarter earnings, management guided Q4 revenue between $1.425 billion and $1.575 billion, with a non-GAAP gross margin range of 37% to 39% and operating expenses between $290 million and $310 million. Non-GAAP EPS is expected to be between $0.81 and $1.01. The management also noted a cautious near-term view of industrial end markets while projecting strong growth in data center and telecom sectors to continue. While we acknowledge the potential of COHR, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COHR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
B Riley Lowers COHR Price Target to $77 Amid Optical Sector Multiple Contraction
B Riley analyst Dave Kang recently lowered the price target on Coherent Corp. (NYSE:COHR) to $77 from $95 and kept a Neutral rating on the shares following the fiscal Q3 report. COHR develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. The reduced target reflects the multiple contraction of the optical group in recent months, the analyst tells investors in a research note. The advisory also remains concerned about the upcoming co-packaged optic headwind. A row of precision industrial lasers in action, cutting the most intricate of shapes. While releasing third fiscal quarter earnings, management guided Q4 revenue between $1.425 billion and $1.575 billion, with a non-GAAP gross margin range of 37% to 39% and operating expenses between $290 million and $310 million. Non-GAAP EPS is expected to be between $0.81 and $1.01. The management also noted a cautious near-term view of industrial end markets while projecting strong growth in data center and telecom sectors to continue. While we acknowledge the potential of COHR, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COHR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Cryptocurrency Stock Surges Following Bullish Price Target Update
A cryptocurrency company based out of Pennsylvania found a way to finish the week off on a good note after it was recently announced that B. Riley raised the stock's price target from $4.70 to $5.50/share, maintaining their buy rating. Seeing that the company closed at just $2.09 yesterday, it's no wonder that traders rushed to get their hands on shares of Bitcoin Depot Inc Com (Nasdaq:BTM), pushing the small cap up to $2.87/share (+37.32%) at the early session high. This move is a strong continuation of the success this stock has had over the last few weeks. Bitcoin Depot Inc. operates multi-crypto currency automated teller machine (ATM) network, which provides users to buy and sell Bitcoin, Litecoin, and Ethereum, and bitcoin cash. Bitcoin Depot Inc. was incorporated in 2016 and is based in Atlanta, Georgia. Bitcoin Depot Inc. operates as a subsidiary of BT Assets. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
