Shares of Coherent Corp (NYSE:COHR) were trading under pressure on Thursday, despite the company reporting upbeat quarterly results.
Here are the key analyst insights:
- Rosenblatt Securities analyst Mike Genovese reaffirmed a Buy rating, while raising the price target from $220 to $300.
- Needham analyst Ryan Koontz reiterated a Buy rating and a $235 price target.
Check out other analyst stock ratings.
Rosenblatt Securities: Coherent’s stock came under pressure as its revenue growth and margin expansion in the fiscal second quarter were less impressive than that of Lumentum Holdings Inc (NASDAQ:LITE), Genovese said in a note. The company’s results were solid, and the outlook for the fiscal third quarter was strong, he added.
“The company …