Coherent, Inc. with TICKER NASDAQ:COHR had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘BUY’ this morning by analysts at The Benchmark Company. Coherent, Inc. are listed in the Capital Goods sector within NASDAQ. The Benchmark Company have set their target price at 75 USD on its stock. This would imply the analyst believes there is a potential upside of 19.4% from today’s opening price of 62.79 USD. Coherent, Inc. NASDAQ:COHR has a 50 day moving average of 64.80 USD and a 200 Day Moving Average share price is recorded at 62.69 USD. The 52 week high share price is 68.5 USD while the 52 week low is 53.76 USD.
Coherent, Inc. NASDAQ:COHR is a supplier of photonics-based solutions for a range of commercial and scientific research applications. The Company designs, manufactures, services and markets lasers and related accessories to customers. The Company operates in two segments: Specialty Lasers and Systems (SLS), and Commercial Lasers and Components (CLC). The SLS segment develops and manufactures configurable products serving the microelectronics, scientific research and government programs and original equipment manufacturer (OEM) components and instrumentation markets. The CLC segment’s primary markets include materials processing, OEM components and instrumentation, and microelectronics.