Coherent Corp ( (COHR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Coherent Corp shares have been moving higher as investors bet on a potential earnings beat and better-than-expected company performance. The stock has recently traded near $216, well above many analysts’ prior consensus targets, creating a growing gap between market pricing and Wall Street forecasts. In response, analysts have started to revise their price targets, pointing to Coherent’s strong year-to-date performance versus rival Lumentum and adjusting their expectations ahead of the upcoming earnings report as they reassess the company’s outlook and market conditions.
More about Coherent Corp
YTD Price Performance: 16.95%
Average Trading Volume: 4,607,600
Technical Sentiment Signal: Buy
Current Market Cap: $34.75B
For further insights into COHR stock on TipRanks’ Stock Analysis page.
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