
Coherent Corp (COHR) Stock Forecast & Price Target
Coherent Corp (COHR) Analyst Ratings
Bulls say
Coherent Corp has demonstrated a robust financial performance with a total revenue increase of 27% year-over-year and 6% quarter-over-quarter, reaching $1.43 billion, which exceeded estimates by 5%. The Networking segment, which constitutes 57% of revenues, reported an impressive growth of 56% year-over-year and 7% quarter-over-quarter, significantly outperforming consensus expectations. The company’s successful ramp of new products, including the anticipated 1.6T transceivers and strong demand in the datacom sector, particularly in AI-related 800G transceivers, further underscores a positive growth trajectory and recovering market demand.
Bears say
Coherent Corp faces a negative outlook primarily due to its ongoing struggle with average selling price (ASP) declines in its optical products, which could hinder its financial performance if product innovation and unit growth do not keep pace. The company’s guidance for flat revenue in FQ3, driven by offsetting trends in communications and industrial sectors, coupled with moderation in Datacom growth, suggests potential difficulties ahead. Additionally, Coherent carries substantial outstanding debt of $3.86 billion and is expected to provide conservative guidance for FY25, raising concerns about its ability to meet investor expectations amidst a challenging economic environment.
This aggregate rating is based on analysts' research of Coherent Corp and is not a guaranteed prediction by Public.com or investment advice.
Coherent Corp (COHR) Analyst Forecast & Price Prediction
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