Coherent Analysts Increase Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Coherent Corp. (NYSE:COHR) reported strong Q4 earnings, beating analyst estimates on both EPS and revenue. The company provided optimistic guidance for Q1 FY25. Following the earnings announcement, analysts from B of A Securities and Needham raised their price targets for Coherent. The stock closed up 6.4% at $71.28.
August 16, 2024 | 11:19 am
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Coherent Corp. reported strong Q4 earnings, beating analyst estimates on both EPS and revenue. The company provided optimistic guidance for Q1 FY25. Analysts from B of A Securities and Needham raised their price targets. The stock closed up 6.4%.
Coherent's strong Q4 earnings and optimistic Q1 FY25 guidance indicate robust financial health and growth potential. The positive analyst revisions and the 6.4% stock price increase reflect market confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100