Needham Reiterates Buy on Coherent, Maintains $72 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has reiterated a Buy rating on Coherent (NYSE:COHR) and maintained a $72 price target.
June 03, 2024 | 4:19 pm
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Needham analyst James Ricchiuti has reiterated a Buy rating on Coherent and maintained a $72 price target, indicating continued confidence in the company's performance.
The reiteration of a Buy rating and the maintenance of a $72 price target by a reputable analyst suggests strong confidence in Coherent's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100