Rosenblatt analyst Mike Genovese raised the firm’s price target on Coherent (COHR) to $425 from $375 and keeps a Buy rating on the shares. Q4 growth is expected to be driven by transceivers and OCS, notes the analyst, whose FY27 revenue estimate is increasing by about $1B to $9.2B.
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Read More on COHR:
- 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
- Notable companies reporting after market close
- Coherent reports Q3 EPS $1.41, consensus $1.39
- Coherent sees Q4 EPS $1.52-$1.72, consensus $1.54