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Coherent – Consenus Indicates Potential 8.9% Upside

Coherent found using ticker (COHR) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 182 and 130 with a mean TP of 159.88. With the stocks previous close at 146.84 this would indicate that there is a potential upside of 8.9%. The 50 day MA is 153.57 and the 200 day MA is 142.58. The company has a market cap of $3,481m. 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 through 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.