Analyst Ryan Koontz of Needham maintained a Buy rating on Coherent Corp, boosting the price target to $120.00.
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Ryan Koontz has given his Buy rating due to a combination of factors including Coherent Corp’s strong performance in the Data Center & Communications segment, which saw a significant year-over-year demand increase of 39%. This robust growth helped offset weaker sales in the Industrial sector, which declined by 8% year-over-year. Despite the mixed results, the company’s management believes that Coherent Corp has gained market share in Datacom transceivers over the fiscal year 2025.
Additionally, while the first quarter revenue guidance for Coherent Corp was modest compared to its peers, the overall industry is experiencing strong secular tailwinds that are expected to benefit the company. Koontz has slightly increased the adjusted earnings per share estimates for fiscal year 2026, although revenue estimates have been slightly decreased. The Buy rating is maintained with a price target of $120, reflecting confidence in the company’s long-term growth potential despite short-term challenges.
Koontz covers the Technology sector, focusing on stocks such as Extreme Networks, Calix, and Gilat. According to TipRanks, Koontz has an average return of 3.1% and a 46.12% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $110.00 price target.