What's Going On With Coherent Stock Friday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Source: Benzinga
Coherent Corp. Facility Sale: Coherent Corp. shares fell after announcing the sale of its 310,000-square-foot manufacturing facility in Newton Aycliffe, U.K., as part of a strategy to streamline operations. The facility was acquired in 2017 and the transaction involved Macquarie Semiconductor and Technology for consulting services.
Product Launch and Stock Performance: Despite the drop in stock price by 2.63% to $89.99, Coherent has seen a significant increase of over 183% in stock value over the past year and recently launched new silicon carbide epitaxial wafers and a high-power laser sensor aimed at enhancing market capabilities.
Analyst Views on COHR
Wall Street analysts forecast COHR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for COHR is 175.92 USD with a low forecast of 113.00 USD and a high forecast of 220.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 201.460
Low
113.00
Averages
175.92
High
220.00
Current: 201.460
Low
113.00
Averages
175.92
High
220.00
About COHR
Coherent Corp. is a vertically integrated manufacturing company. The Company develops, manufactures, and markets lasers, transceivers and other optical and optoelectronic devices, modules and systems, as well as engineered materials, for use in communications, industrial, instrumentation and electronics applications. Its segments include Datacenter & Communications and Industrial. The Datacenter & Communications segment manufactures products such as transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The industrial segment’s products include excimer lasers, solid-state lasers, carbon dioxide lasers, laser systems, engineered materials, laser optics, thermoelectric components, advanced ceramic and metal-matrix composite materials and products, vertical-cavity surface-emitting lasers (VCSELs), edge-emitting laser (EELs), pump lasers, high-power lasers for materials processing, and integrated circuit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
