Northcoast Research analyst Tom Hayes reiterated a Buy rating on Coherent (NASDAQ: COHR) today and set a price target of $217. The company’s shares opened today at $183.58.
According to TipRanks.com, Hayes is a 3-star analyst with an average return of 4.9% and a 53.2% success rate. Hayes covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, IPG Photonics Corporation, and Cognex Corp.
Currently, the analyst consensus on Coherent is a Strong Buy with an average price target of $217.20, which is a 18.3% upside from current levels. In a report issued on July 27, Stifel Nicolaus also maintained a Buy rating on the stock with a $214 price target.
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The company has a one-year high of $329 and a one-year low of $145.66. Currently, Coherent has an average volume of 536.4K.
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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.
