Analyst Larry Biegelsen from Wells Fargo maintained a Buy rating on Cooper Co (COO – Research Report) and keeping the price target at $118.00.
Larry Biegelsen has given his Buy rating due to a combination of factors that suggest a positive outlook for Cooper Co. Despite a slight revenue miss in the first fiscal quarter, the company demonstrated strong earnings per share performance, exceeding expectations due to a robust gross margin and a favorable tax rate. The management’s confidence in accelerating sales growth throughout the year further supports this optimistic view.
Additionally, Cooper Co. has maintained its fiscal year 2025 guidance, with potential upside in earnings per share driven by favorable foreign exchange rates. The company anticipates an improvement in sales growth in the upcoming quarters, particularly in its CooperVision and CooperSurgical segments. The expansion of MyDay capacity and the expected growth in MiSight sales, especially in international markets, are key drivers that underpin the Buy rating. Overall, these elements indicate a promising trajectory for Cooper Co.’s financial performance in the near term.
In another report released on February 28, Piper Sandler also maintained a Buy rating on the stock with a $120.00 price target.
COO’s price has also changed moderately for the past six months – from $106.590 to $90.980, which is a -14.64% drop .