Latest news with #CoherentCorp
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
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
Yahoo
6 days ago
- Business
- Yahoo
Morgan Stanley Maintains Hold on Coherent (COHR), Lifts PT
On May 23, Morgan Stanley analyst Meta Marshall raised the price target on Coherent Corp. (NYSE:COHR) to $74 from $70, but reiterated her cautious stance with a Hold rating. The company is expected to hold its investor day on May 28, where Marshall expects it will present a long-term growth plan. This strategic plan is expected to include a roadmap to achieve over 40% gross margin, more than $6 in EPS, and outline the revenue growth trajectory from 2025 to 2028. While a favorable outlook at the investor day should catalyze the share price, Marshall sees limited upside potential, as the stock has already rallied substantially over the past month. Another reason for her cautious view is that she believes achieving gross margins above 40% will be a daunting task for the company. This is due to the impacts of tariffs and the lack of operating leverage in some business segments, which, in her view, will require more time to improve. She also expressed concerns about execution challenges in certain areas, such as the SiC business, networking technologies, and the vertical integration of the datacom business. Therefore, she maintained her Hold rating. Coherent Corp. (NYSE:COHR) specializes in the development and manufacturing of engineered materials, networking products, optoelectronic components, and optical and laser systems for various industries, including industrial, communications, electronics, and instrumentation. The company maintains a strong foothold in the optical communications market, particularly with its advanced 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.
