Analysts Offer Insights on Consumer Goods Companies: Radcom Ltd (COHR) and Coherent (COHR)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Radcom Ltd (NASDAQ: RDCM) and Coherent (NASDAQ: COHR) with bullish sentiments.

Radcom Ltd (NASDAQ: RDCM)

William Blair analyst Dmitry Netis reiterated a Buy rating on Radcom Ltd (NASDAQ: RDCM) on June 15. The company’s shares opened today at $20.65.

Netis commented:

“We came away from the presentation incrementally more confident in the company’s competitive positioning, expanding product capabilities, growing NFV pipeline, and outlook for the second half of the year . Additional highlights: Radcom is extending MaveriQ product capabilities. Mr . Ravkaie noted the company is extending its MaveriQ product capabilities into understanding all types of traffic, including encrypted video and media communications. Machine learning capability will be embedded into Radcom’s visibility products (virtual packet broker) to give carriers a set of KPIs on encrypted traffic to score their end customer experience.”

According to TipRanks.com, Netis is a 4-star analyst with an average return of 9.8% and a 55.1% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Acacia Communications, and Juniper Networks.

Radcom Ltd has an analyst consensus of Hold.

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Coherent (NASDAQ: COHR)

Susquehanna analyst Mehdi Hosseini maintained a Buy rating on Coherent (NASDAQ: COHR) today and set a price target of $250. The company’s shares opened today at $155.85, close to its 52-week low of $152.34.

According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 15.2% and a 54.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Universal Display, and Pure Storage Inc.

Currently, the analyst consensus on Coherent is Strong Buy and the average price target is $245.60, representing a 57.6% upside.

In a report issued on June 12, Benchmark Co. also maintained a Buy rating on the stock with a $242 price target.

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