
Coherent Corp (COHR) Stock Forecast & Price Target
Coherent Corp (COHR) Analyst Ratings
Bulls say
Coherent Corporation demonstrated strong financial performance with total revenues increasing by 27% year-over-year and 6% quarter-over-quarter, reaching $1.43 billion, which surpassed estimates by 5%. The Networking segment generated significant growth, with a 56% year-over-year increase in sales to $815.9 million, driven by demand for coherent transceivers and other technologies that align with market recovery trends. Additionally, the company's gross margin improved to 38.2%, reflecting efficiency gains and robust operations, further substantiating a positive outlook for the firm.
Bears say
Coherent Corp faces a negative outlook due to challenges in maintaining product innovation and unit growth against a backdrop of declining average selling prices (ASPs), particularly in its Optical products, which are expected to impact financial performance. The company's guidance for flat revenue in the upcoming fiscal quarter suggests limited growth potential, particularly with the anticipated moderation in Datacom growth and declines in the Industrial segment. Additionally, despite reducing its outstanding debt to $3.86 billion, high net debt levels of $2.19 billion and the expectation of conservative guidance for FY25 contribute to concerns about its financial stability and market performance.
This aggregate rating is based on analysts' research of Coherent Corp and is not a guaranteed prediction by Public.com or investment advice.
Coherent Corp (COHR) Analyst Forecast & Price Prediction
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