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Coherent (COHR) Stock Forecast & Price Target

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$106.79 +3.41 (+3.30%)
(As of 12:16 PM ET)

Coherent - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
10

Based on 14 Wall Street analysts who have issued ratings for Coherent in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, and 10 have given a buy rating for COHR.

Consensus Price Target

$99.79
-6.56% Downside
According to the 14 analysts' twelve-month price targets for Coherent, the average price target is $99.79. The highest price target for COHR is $136.00, while the lowest price target for COHR is $50.00. The average price target represents a forecasted downside of -6.56% from the current price of $106.79.
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COHR Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
12 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$99.79$87.23$78.00$46.76
Forecasted Upside-6.56% Downside-9.85% Downside-1.65% Downside29.83% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

COHR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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COHR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Coherent Stock vs. The Competition

TypeCoherentBusiness Services CompaniesS&P 500
Consensus Rating Score
2.71
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-3.44% Downside369.88% Upside9.84% Upside
News Sentiment Rating
Neutral News

See Recent COHR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/18/2024Citigroup
3 of 5 stars
 Initiated CoverageBuy$106.00 ➝ $136.00+42.02%
11/8/2024Barclays
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$85.00 ➝ $105.00-3.77%
11/7/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetBuy ➝ Buy$85.00 ➝ $120.00+9.55%
11/7/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$120.00 ➝ $120.00+9.55%
11/7/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$85.00 ➝ $120.00+13.70%
11/7/2024Susquehanna
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M. Hosseini
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Boost TargetPositive ➝ Positive$120.00 ➝ $125.00+23.10%
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11/7/2024Benchmark
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 Boost TargetBuy ➝ Buy$90.00 ➝ $112.00+6.15%
10/22/2024Rosenblatt Securities
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M. Genovese
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DowngradeBuy ➝ Neutral$84.00 ➝ $105.00+6.64%
10/18/2024B. Riley
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D. Kang
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DowngradeBuy ➝ Neutral$86.00 ➝ $86.00-15.70%
10/4/2024Bank of America
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 Boost TargetBuy ➝ Buy$90.00 ➝ $108.00+13.21%
8/16/2024Northland Securities
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 Boost TargetMarket Perform ➝ Market Perform$45.00 ➝ $50.00-32.58%
8/16/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$58.00 ➝ $72.00+0.95%
8/12/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$75.00 ➝ $85.00+29.22%
12/15/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$42.00 ➝ $53.00+20.15%
7/17/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$40.00 ➝ $56.00+10.98%
5/11/2023Loop Capital
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 Lower Target$118.00 ➝ $85.00+180.44%
2/9/2023Cowen
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 Lower TargetOutperform$95.00 ➝ $87.00+103.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:34 PM ET.


COHR Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Coherent is $99.79, with a high forecast of $136.00 and a low forecast of $50.00.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COHR shares.

According to analysts, Coherent's stock has a predicted downside of -6.56% based on their 12-month stock forecasts.

Over the previous 90 days, Coherent's stock had 2 downgrades and 1 upgrade by analysts.

Coherent has been rated by research analysts at B. Riley, Bank of America, Barclays, Benchmark, Citigroup, Craig Hallum, Needham & Company LLC, Rosenblatt Securities, Stifel Nicolaus, and Susquehanna in the past 90 days.

Analysts like Coherent more than other "business services" companies. The consensus rating score for Coherent is 2.71 while the average consensus rating score for "business services" companies is 2.68. Learn more on how COHR compares to other companies.


This page (NYSE:COHR) was last updated on 11/21/2024 by MarketBeat.com Staff
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