Analysts Offer Insights on Technology Companies: Coherent Corp (COHR) and Analog Devices (ADI)

Analysts have been eager to weigh in on the Technology sector with new ratings on Coherent Corp (COHR – Research Report) and Analog Devices (ADI – Research Report).

Coherent Corp (COHR)

In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Coherent Corp, with a price target of $33.00. The company’s shares closed last Tuesday at $44.06.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 12.6% and a 58.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

Coherent Corp has an analyst consensus of Strong Buy, with a price target consensus of $42.46.

See the top stocks recommended by analysts >>

Analog Devices (ADI)

Susquehanna analyst Christopher Rolland reiterated a Buy rating on Analog Devices today and set a price target of $215.00. The company’s shares closed last Tuesday at $191.24, close to its 52-week high of $198.25.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 24.5% and a 72.5% success rate. Rolland covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Advanced Micro Devices, and Lattice Semiconductor.

Currently, the analyst consensus on Analog Devices is a Strong Buy with an average price target of $206.30, representing an 8.4% upside. In a report issued on May 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $210.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on COHR:

• Coherent Introduces New HighLight FL-ARM Fiber Lasers For Increased Welding Process Stability Over Large Working Areas For EV Applications
• Coherent Introduces Next-Generation Ultralow-Cost Matrix UV Lasers for Marking Applications in Consumer Goods, Industrial Electronics, and Packaging
• Coherent Introduces 50 W UV Femtosecond Monaco Laser for High-Throughput Cutting of Wafers and Stacked OLED Displays
• Coherent Introduces New HIGHmotion 2D Laser Processing Head Optimized for Deep Copper Welds Over Wide Working Areas in EV Applications
• Coherent Introduces New Laser Welding Head With Tactile Seam-Tracking Technology for Electric Vehicle Manufacturing