Coherent with ticker code (COHR) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 195 and 147 and has a mean target at 169.89. Given that the stocks previous close was at 96.66 this would indicate that there is a potential upside of 75.8%. The 50 day moving average now sits at 116.29 and the 200 moving average now moves to 146.72. The company has a market cap of $2,251m. You can visit the company’s website by visiting: http://www.coherent.com
Coherent provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used in markets, including microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent was founded in 1966 and is headquartered in Santa Clara, California.