Latest news with #COHR
Yahoo
2 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
3 days ago
- Business
- Yahoo
Raymond James Lifts Coherent Corp. (COHR)'s Stock Price Target to $96, Maintains Strong Buy Rating
Raymond James analyst Simon Leopold on Wednesday raised Coherent Corp. (NYSE:COHR)'s stock price target to $96 from $91, while maintaining the Strong Buy rating for its shares. The revision followed Coherent Corp. (NYSE:COHR)'s Analyst and Investor Day earlier in the day, in which the company shared its long-term growth targets that surpassed both Raymond James' and the broader market's expectations. A row of precision industrial lasers in action, cutting the most intricate of shapes. Coherent Corp. (NYSE:COHR)'s management outlined its goals, such as aiming for a gross margin greater than 42% and an operating margin above 24%, indicating that by 2028, the company could achieve an EPS of around $8-9, which will be a substantial increase from forecasts of under $4 in fiscal 2025. Considering these ambitious targets, Raymond James lifted the stock's target price to account for the anticipated gross margin expansion and growth in the industrial laser sector. Moreover, on May 7, Coherent Corp. (NYSE: COHR) reported impressive results for the third quarter of fiscal 2025, with revenue increasing 24% year-over-year to $1.5 billion, driven by strong demand for AI-related data centers. Earnings per share were posted at $0.91, beating estimates by five cents. While we acknowledge the potential of COHR as an investment, 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: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
3 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.
Yahoo
3 days ago
- Business
- Yahoo
Susquehanna Reaffirms Buy on Coherent (COHR) Amid Strong Outlook
On May 28, Susquehanna analyst Christopher Rolland reaffirmed a Buy rating on Coherent Corporation (NYSE:COHR) with an unchanged price target of $100. Rolland's bullish view is supported by the company's strong competitive positioning and encouraging financial guidance. On the fundamental level, the analyst remains confident about Coherent's continued investments in advancing its technologies, such as optical circuit switches and transceivers, which are expected to support long-term growth. He further emphasized the company's efforts to improve cash flows and reduce debt. Coherent is targeting significant market opportunities, including a $44 billion Serviceable Available Market (SAM) in the Data Center & Communications sector and a $23 billion SAM in the Industrial sector by 2030. According to Rolland, the company now views these two areas as its primary focus, aligning with its long-term growth strategy. Rolland is also encouraged by Coherent's financial targets for FY 2025, which include projected revenue growth of 23%, adjusted gross margins of 38%, and adjusted operating margins of 17.8%. Furthermore, the company is expected to achieve a compound annual revenue growth rate (CAGR) of 10% to 15% over the next three to four years. Coherent Corp. (NYSE:COHR) is a developer and manufacturer of engineered materials, networking products, optoelectronic components, and optical and laser systems for the industrial, communications, electronics, and instrumentation markets. The company holds a strong position in the optical communications market, particularly with its innovative solutions for data centers, such as datacom optical transceivers. While we acknowledge the potential of COHR as an investment, 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 the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Raymond James Lifts Coherent Corp. (COHR)'s Stock Price Target to $96, Maintains Strong Buy Rating
Raymond James analyst Simon Leopold on Wednesday raised Coherent Corp. (NYSE:COHR)'s stock price target to $96 from $91, while maintaining the Strong Buy rating for its shares. The revision followed Coherent Corp. (NYSE:COHR)'s Analyst and Investor Day earlier in the day, in which the company shared its long-term growth targets that surpassed both Raymond James' and the broader market's expectations. A row of precision industrial lasers in action, cutting the most intricate of shapes. Coherent Corp. (NYSE:COHR)'s management outlined its goals, such as aiming for a gross margin greater than 42% and an operating margin above 24%, indicating that by 2028, the company could achieve an EPS of around $8-9, which will be a substantial increase from forecasts of under $4 in fiscal 2025. Considering these ambitious targets, Raymond James lifted the stock's target price to account for the anticipated gross margin expansion and growth in the industrial laser sector. Moreover, on May 7, Coherent Corp. (NYSE: COHR) reported impressive results for the third quarter of fiscal 2025, with revenue increasing 24% year-over-year to $1.5 billion, driven by strong demand for AI-related data centers. Earnings per share were posted at $0.91, beating estimates by five cents. While we acknowledge the potential of COHR as an investment, 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: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
