Barclays analyst Blayne Curtis maintained a Buy rating on Coherent (COHR) yesterday and set a price target of $162. The company’s shares closed yesterday at $135.90, close to its 52-week low of $115.53.
According to TipRanks.com, Curtis is a 5-star analyst with an average return of 10.1% and a 60.4% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Smart Global Holdings Inc, and Integrated Device Tech.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coherent with a $197.25 average price target, a 45.1% upside from current levels. In a report issued on October 23, Benchmark Co. also maintained a Buy rating on the stock with a $216 price target.
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Coherent’s market cap is currently $3.3B and has a P/E ratio of 13.68. The company has a Price to Book ratio of 2.68.
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Coherent, Inc. engages in the design, manufacture and service of lasers and related accessories. It operates through the OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS) segments.
