COHR Price Prediction Next Week
Technical Analysis: Based on recent price action, COHR has shown significant volatility with a downward trend. The stock closed at $58.86 on February 23, 2025, down from $60.47 the previous day.
News Impact Analysis: Recent positive catalysts include:
- Jefferies initiated coverage with "Buy" rating and $110 price target on February 21, citing strong growth prospects in data center transceiver market driven by AI adoption
- The firm forecasts 29% CAGR for 100G+ transceivers through 2027, outpacing AI accelerator growth at 22%
- Strong Q2 results with 27% year-over-year revenue growth driven by robust AI-related data center demand
Price Prediction for Next Week: Based on technical indicators and recent news:
- Support level: $58.00
- Resistance level: $62.00
- Target price range: $59.50-$61.50
Trading Recommendation: BUY
- Entry point: Current price ($58.86)
- Target: $61.50 (+4.5%)
- Stop loss: $57.50 (-2.3%)
Rationale:
- Strong fundamental growth story with AI-driven demand
- Recent price pullback provides attractive entry point
- Positive analyst coverage with significantly higher price targets
- Technical indicators suggest oversold conditions ready for bounce
The stock appears oversold after recent decline despite positive fundamental catalysts. With strong AI-driven growth prospects and analyst support, COHR is positioned for a technical rebound in the coming week. The risk/reward ratio of 1.96 (4.5% upside vs 2.3% downside) is favorable for a long position.
COHR Similar Chart Price Prediction
The price of COHR is predicted to go up -5.09%, based on the high correlation periods with LITE. The similarity of these two price pattern on the periods is 94.17%.
COHR
LITE
Down: -5.09%Similarity: 94.17%
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COHR Analyst's Forecast
Simon Leopold
Raymond James
Buy
2025-02-06
Price Target
$109 → $110
Upside
+9.5%
Raymond James raised the firm's price target on Coherent to $110 from $109 and keeps an Outperform rating on the shares. Coherent's Q2 results were above expectations, and while noise has added to stock volatility, the growth outlook remains intact, the analyst tells investors in a research note.
Vivek Arya
B of A Securities
Strong Buy
2025-02-06
Price Target
$120 → $125
Upside
+24.43%
Tim Savageaux
Northland Capital Markets
Hold
2025-02-06
Price Target
$60 → $80
Downside
-20.37%
