6 Analysts Assess Coherent: What You Need To Know
Portfolio Pulse from Benzinga Insights
Coherent (NYSE:COHR) received mixed analyst ratings over the past three months, with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $49.33, up from $43.00, with a high of $60.00 and a low of $40.00. Analysts from Barclays, Raymond James, Needham, Morgan Stanley, and Benchmark have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Coherent operates in engineered materials and optoelectronics, facing challenges in revenue growth (-21.68% over 3 months) and below-average ROE and ROA, but with a strong net margin of -9.28% and a high debt-to-equity ratio of 0.92.
January 16, 2024 | 5:00 pm
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Coherent received mixed ratings from analysts, with an increased average price target suggesting a positive outlook. However, the company's revenue decline and below-average ROE and ROA may concern investors.
The mixed analyst ratings and the increase in the average price target could lead to a neutral short-term impact on COHR's stock price. The positive price target revisions indicate optimism, but the revenue decline and weak ROE/ROA may temper investor enthusiasm. The high net margin and debt-to-equity ratio suggest a complex financial health that investors will need to weigh.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100