William Blair analyst Margaret Kaczor has maintained their bullish stance on COO stock, giving a Buy rating today.
Margaret Kaczor has given her Buy rating due to a combination of factors that suggest a positive outlook for Cooper Co. Despite a slight miss in first-quarter sales, the company demonstrated strong organic growth in key areas such as toric and multifocal lenses. Management’s ability to maintain full-year sales guidance and even slightly raise the EPS guidance midpoint indicates confidence in the company’s future performance.
Cooper Co. is expected to benefit from operational efficiencies and increased product launch activities, driven by recent investments. The company’s focus on research and development, along with favorable macroeconomic trends, supports the expectation of high-single-digit to low-double-digit growth for the remainder of the year. These factors contribute to the positive sentiment and justify the Buy rating.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $115.00 price target.