Stifel Nicolaus analyst Ruben Roy reiterated a Buy rating on Coherent Corp (COHR – Research Report) today and set a price target of $100.00.
According to TipRanks, Roy is a 5-star analyst with an average return of 14.9% and a 61.82% success rate. Roy covers the Technology sector, focusing on stocks such as Intel, Ciena, and Nvidia.
In addition to Stifel Nicolaus, Coherent Corp also received a Buy from Needham’s Ryan Koontz in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Coherent Corp (NYSE: COHR).
Based on Coherent Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.44 billion and a net profit of $103.39 million. In comparison, last year the company earned a revenue of $1.13 billion and had a GAAP net loss of $26.99 million
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