TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Coherent (COHR) to $395 from $340 and keeps a Buy rating on the shares. The firm said a largely in-line print and guide was likely disappointing initially, but confident tone and messaging on 6″ ramp should give investors confidence that F2027 is poised to see a material inflection in Datacenter & Comms revenue.
Claim 55% Off TipRanks
New trading tool for COHR bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR:
- Coherent price target raised to $420 from $412 at Stifel
- Coherent price target raised to $425 from $375 at Rosenblatt
- Coherent price target raised to $371 from $243 at Raymond James
- Coherent price target raised to $375 from $350 at Jefferies
- Needham’s Sean O’Loughlin Reiterates Buy on Coherent, Lifts Price Target to $395 on 6″ InP Capacity Ramp and Datacenter Growth Outlook