Coherent with ticker code (COHR) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 195 and 154 calculating the average target price we see 174.67. Given that the stocks previous close was at 89.78 this now indicates there is a potential upside of 94.6%. The 50 day MA is 131.26 and the 200 day moving average is 151.07. The company has a market cap of $2,172m. 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.