Benchmark Co. Thinks Coherent’s Stock is Going to Recover


In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Coherent (COHR), with a price target of $212. The company’s shares closed yesterday at $133.17, close to its 52-week low of $115.53.

According to TipRanks.com, Miller is a top 25 analyst with an average return of 21.9% and a 68.5% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coherent with a $199.25 average price target, a 49.6% upside from current levels. In a report issued on October 23, Barclays also reiterated a Buy rating on the stock with a $170 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $329 and a one-year low of $115.53. Currently, Coherent has an average volume of 424K.

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.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts