Needham Maintains Buy on Coherent, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Coherent (NYSE:COHR) and raises the price target from $52 to $64.
February 06, 2024 | 6:12 pm
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Needham analyst James Ricchiuti maintains a Buy rating on Coherent and raises the price target from $52 to $64.
The upgrade in price target by a reputable analyst like James Ricchiuti signals a strong confidence in Coherent's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in COHR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100