Needham Maintains Buy on Coherent, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has reaffirmed a Buy rating on Coherent (NYSE:COHR) and increased the price target from $46 to $52.
December 15, 2023 | 11:38 am
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Needham analyst James Ricchiuti maintains a Buy rating on Coherent and raises the price target from $46 to $52.
The increase in price target by Needham suggests a positive outlook on Coherent's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100