Coherent (COHR) Stock Forecast, Price Target & Predictions
COHR Stock Forecast
Coherent stock forecast is as follows: an average price target of $73.73 (represents a -5.45% downside from COHR’s last price of $77.98) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
COHR Price Target
The average price target for Coherent (COHR) is $73.73 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $94.00 to $45.00. This represents a potential -5.45% downside from COHR's last price of $77.98.
COHR Analyst Ratings
According to 23 Wall Street analysts, Coherent's rating consensus is 'Buy'. The analyst rating breakdown for COHR stock is 0 'Strong Buy' (0.00%), 17 'Buy' (73.91%), 6 'Hold' (26.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Coherent Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 16, 2024 | Richard Shannon | Craig-Hallum | $85.00 | $74.39 | 14.26% | 9.00% |
| Aug 16, 2024 | James Ricchiuti | Needham | $84.00 | $73.96 | 13.57% | 7.72% |
| Aug 16, 2024 | Mike Genovese | Rosenblatt Securities | $84.00 | $74.05 | 13.44% | 7.72% |
| Aug 15, 2024 | Alex Henderson | Needham | $70.00 | $71.53 | -2.14% | -10.23% |
| Aug 12, 2024 | Vivek Arya | Bank of America Securities | $75.00 | $66.70 | 12.44% | -3.82% |
| Apr 01, 2024 | Dave Kang | B.Riley Financial | $77.00 | $60.62 | 27.02% | -1.26% |
| Apr 01, 2024 | James Ricchiuti | Needham | $72.00 | $60.62 | 18.77% | -7.67% |
| Jan 16, 2024 | Tom O'Malley | Barclays | $60.00 | $45.16 | 32.86% | -23.06% |
| Dec 15, 2023 | Jim Ricchiuti | Needham | $52.00 | $43.46 | 19.65% | -33.32% |
| Oct 11, 2023 | James Ricchiuti | Needham | $50.00 | $34.79 | 43.72% | -35.88% |
The latest Coherent stock forecast, released on Aug 16, 2024 by Richard Shannon from Craig-Hallum, set a price target of $85.00, which represents a 14.26% increase from the stock price at the time of the forecast ($74.39), and a 9.00% increase from COHR last price ($77.98).
Coherent Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 5 | 10 |
| Avg Price Target | $84.33 | $79.60 | $70.90 |
| Last Closing Price | $77.98 | $77.98 | $77.98 |
| Upside/Downside | 8.14% | 2.08% | -9.08% |
In the current month, the average price target of Coherent stock is $84.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 8.14% increase as opposed to Coherent's last price of $77.98. This month's average price target is up 5.94% compared to last quarter, and up 18.94% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 16, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 16, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 16, 2024 | Benchmark | Buy | Buy | Hold |
| Aug 16, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 15, 2024 | Needham | Buy | Buy | Hold |
| Aug 14, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 12, 2024 | Susquehanna | Buy | Buy | Hold |
| Jul 17, 2024 | Susquehanna | Buy | Buy | Hold |
| Jul 17, 2024 | Raymond James | Underperform | Underperform | Hold |
| Jul 17, 2024 | Susquehanna | Neutral | Neutral | Hold |
Coherent's last stock rating was published by Craig-Hallum on Aug 16, 2024. The company gave COHR a "Buy" rating, the same as its previous rate.
Coherent Financial Forecast
Coherent Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Sep 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Sep 16 | Sep 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Sep 10 | Mar 09 | Mar 08 | Dec 07 | Sep 05 | Sep 04 | Jun 03 | Mar 02 | Mar 01 | Jun 00 | Sep 99 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | $1.13B | - | $1.24B | $1.34B | $827.72M | $783.23M | $627.04M | $342.50M | $294.75M | $244.99M | $221.52M | $189.21M | $173.56M | $145.17M | $132.59M | $130.00M | $120.13M | $64.11M | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $1.31B | $1.28B | $1.17B | $1.12B | $1.05B | $510.82M | $443.96M | $464.38M | $330.14M | $249.90M | $340.44M | $498.23M | $354.51M | $228.92M | $164.33M | $189.48M | $219.29M | $219.78M | $188.80M | $180.50M | $1.16B | $150.33M | $175.67M | $124.88M | $101.23M | $297.60M | $84.51M | $136.25M | $91.39M | $104.26M |
| High Forecast | $1.32B | $1.29B | $1.18B | $1.13B | $1.06B | $612.98M | $532.75M | $557.25M | $396.17M | $299.87M | $408.52M | $597.88M | $425.42M | $274.71M | $197.19M | $227.38M | $263.15M | $263.74M | $226.56M | $216.60M | $1.39B | $180.40M | $210.80M | $149.86M | $121.48M | $357.12M | $101.42M | $163.50M | $109.67M | $125.11M |
| Low Forecast | $1.31B | $1.27B | $1.16B | $1.10B | $1.05B | $408.65M | $355.17M | $371.50M | $264.11M | $199.92M | $272.35M | $398.58M | $283.61M | $183.14M | $131.46M | $151.59M | $175.43M | $175.82M | $151.04M | $144.40M | $927.52M | $120.27M | $140.54M | $99.90M | $80.99M | $238.08M | $67.61M | $109.00M | $73.11M | $83.41M |
| # Analysts | 11 | 5 | 4 | 7 | 13 | 17 | 14 | 19 | 13 | 14 | 15 | 19 | 20 | 16 | 16 | 15 | 10 | 18 | 8 | 18 | 15 | 7 | 19 | 8 | 7 | 20 | 13 | 10 | 17 | 12 |
| Surprise % | - | - | - | 1.01% | - | 2.43% | 3.03% | 1.78% | 2.37% | 2.51% | 1.01% | 0.59% | 0.69% | 0.97% | 1.15% | 0.92% | 0.66% | 0.60% | 0.69% | 0.67% | 0.06% | - | - | - | - | - | - | - | - | - |
Coherent's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.17B, with a low forecast of $1.16B, and a high forecast of $1.18B. COHR's average Quarter revenue forecast represents a 3.14% increase compared to the company's last Quarter revenue of $1.13B (Dec 23).
Coherent EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Sep 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Sep 16 | Sep 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Sep 10 | Mar 09 | Mar 08 | Dec 07 | Sep 05 | Sep 04 | Jun 03 | Mar 02 | Mar 01 | Jun 00 | Sep 99 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 5 | 4 | 7 | 13 | 17 | 14 | 19 | 13 | 14 | 15 | 19 | 20 | 16 | 16 | 15 | 10 | 18 | 8 | 18 | 15 | 7 | 19 | 8 | 7 | 20 | 13 | 10 | 17 | 12 |
| EBITDA | - | - | - | $30.00M | - | $70.44M | $158.16M | $106.53M | $174.50M | $99.89M | $55.79M | $56.16M | $46.13M | $39.98M | $36.09M | $23.63M | $30.16M | $28.01M | $30.55M | $33.62M | $11.05M | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $112.50M | $109.59M | $104.78M | $96.18M | $90.51M | $95.25M | $65.39M | $86.60M | $-134.96M | $-348.86M | $51.88M | $131.42M | $78.42M | $49.82M | $30.54M | $28.81M | $30.77M | $33.10M | $40.09M | $23.53M | $-704.45K | $20.20M | $18.09M | $14.89M | $15.90M | $5.37M | $9.38M | $25.71M | $17.60M | $12.27M |
| High Forecast | $113.41M | $110.48M | $125.74M | $97.04M | $91.03M | $114.31M | $78.47M | $103.91M | $-107.96M | $-279.08M | $62.25M | $157.70M | $94.10M | $59.79M | $36.64M | $34.57M | $36.93M | $39.72M | $48.11M | $28.23M | $-563.56K | $24.24M | $21.71M | $17.86M | $19.08M | $6.45M | $11.25M | $30.86M | $21.12M | $14.72M |
| Low Forecast | $112.21M | $109.31M | $83.82M | $94.46M | $90.34M | $76.20M | $52.31M | $69.28M | $-161.95M | $-418.63M | $41.50M | $105.13M | $62.73M | $39.86M | $24.43M | $23.05M | $24.62M | $26.48M | $32.07M | $18.82M | $-845.35K | $16.16M | $14.47M | $11.91M | $12.72M | $4.30M | $7.50M | $20.57M | $14.08M | $9.82M |
| Surprise % | - | - | - | 0.31% | - | 0.74% | 2.42% | 1.23% | -1.29% | -0.29% | 1.08% | 0.43% | 0.59% | 0.80% | 1.18% | 0.82% | 0.98% | 0.85% | 0.76% | 1.43% | -15.69% | - | - | - | - | - | - | - | - | - |
4 analysts predict COHR's average Quarter EBITDA for Mar 24 to be $104.78M, with a high of $125.74M and a low of $83.82M. This is 249.27% upper than Coherent's previous annual EBITDA (Dec 23) of $30.00M.
Coherent Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Sep 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Sep 16 | Sep 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Sep 10 | Mar 09 | Mar 08 | Dec 07 | Sep 05 | Sep 04 | Jun 03 | Mar 02 | Mar 01 | Jun 00 | Sep 99 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 5 | 4 | 7 | 13 | 17 | 14 | 19 | 13 | 14 | 15 | 19 | 20 | 16 | 16 | 15 | 10 | 18 | 8 | 18 | 15 | 7 | 19 | 8 | 7 | 20 | 13 | 10 | 17 | 12 |
| Net Income | - | - | - | $-27.00M | - | $2.55M | $-38.70M | $49.00M | $81.09M | $5.92M | $24.64M | $30.10M | $22.43M | $16.29M | $17.21M | $8.53M | $15.87M | $13.99M | $23.12M | $18.37M | $6.74M | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $94.61M | $92.02M | $51.11M | $35.10M | $18.46M | $46.47M | $25.51M | $42.24M | $-121.07M | $-346.41M | $18.77M | $67.55M | $33.75M | $28.17M | $19.78M | $14.52M | $16.31M | $18.10M | $22.20M | $10.67M | $-15.64M | $5.87M | $5.54M | $4.92M | $6.43M | $-3.45M | $2.50M | $15.43M | $9.00M | $5.78M |
| High Forecast | $103.77M | $92.99M | $61.34M | $39.68M | $24.62M | $55.76M | $30.61M | $50.69M | $-96.86M | $-277.13M | $22.53M | $81.06M | $40.50M | $33.80M | $23.73M | $17.42M | $19.57M | $21.72M | $26.64M | $12.81M | $-12.51M | $7.05M | $6.65M | $5.91M | $7.72M | $-2.76M | $3.00M | $18.52M | $10.80M | $6.93M |
| Low Forecast | $91.56M | $91.72M | $40.89M | $32.05M | $15.39M | $37.17M | $20.41M | $33.79M | $-145.28M | $-415.69M | $15.02M | $54.04M | $27.00M | $22.53M | $15.82M | $11.61M | $13.05M | $14.48M | $17.76M | $8.54M | $-18.76M | $4.70M | $4.43M | $3.94M | $5.15M | $-4.14M | $2.00M | $12.34M | $7.20M | $4.62M |
| Surprise % | - | - | - | -0.77% | - | 0.05% | -1.52% | 1.16% | -0.67% | -0.02% | 1.31% | 0.45% | 0.66% | 0.58% | 0.87% | 0.59% | 0.97% | 0.77% | 1.04% | 1.72% | -0.43% | - | - | - | - | - | - | - | - | - |
Coherent's average Quarter net income forecast for Sep 23 is $18.46M, with a range of $15.39M to $24.62M. COHR's average Quarter net income forecast represents a 625.24% increase compared to the company's last Quarter net income of $2.55M (Mar 23).
Coherent SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Sep 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Sep 16 | Sep 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Sep 10 | Mar 09 | Mar 08 | Dec 07 | Sep 05 | Sep 04 | Jun 03 | Mar 02 | Mar 01 | Jun 00 | Sep 99 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 5 | 4 | 7 | 13 | 17 | 14 | 19 | 13 | 14 | 15 | 19 | 20 | 16 | 16 | 15 | 10 | 18 | 8 | 18 | 15 | 7 | 19 | 8 | 7 | 20 | 13 | 10 | 17 | 12 |
| SG&A | - | - | - | $209.00M | - | $226.39M | $280.01M | $118.01M | $131.24M | $82.13M | $60.13M | $53.09M | $43.29M | $42.08M | $36.31M | $33.85M | $27.22M | $23.33M | $23.29M | $22.73M | $13.55M | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $226.99M | $221.12M | $100.96M | $194.07M | $182.63M | $91.78M | $95.40M | $83.44M | $55.60M | $50.70M | $62.85M | $79.80M | $58.50M | $41.30M | $26.12M | $37.28M | $40.61M | $39.64M | $36.48M | $35.41M | $48.04M | $36.00M | $45.75M | $27.70M | $20.24M | $38.16M | $19.42M | $28.88M | $38.16M | $27.31M |
| High Forecast | $228.84M | $222.93M | $121.15M | $195.80M | $183.68M | $110.14M | $114.48M | $100.13M | $66.72M | $60.84M | $75.42M | $95.76M | $70.19M | $49.57M | $31.34M | $44.74M | $48.74M | $47.57M | $43.78M | $42.50M | $57.65M | $43.20M | $54.90M | $33.25M | $24.29M | $45.79M | $23.31M | $34.66M | $45.79M | $32.77M |
| Low Forecast | $226.42M | $220.57M | $80.77M | $190.60M | $182.29M | $73.43M | $76.32M | $66.75M | $44.48M | $40.56M | $50.28M | $63.84M | $46.80M | $33.04M | $20.90M | $29.82M | $32.49M | $31.71M | $29.18M | $28.33M | $38.44M | $28.80M | $36.60M | $22.16M | $16.19M | $30.52M | $15.54M | $23.11M | $30.53M | $21.85M |
| Surprise % | - | - | - | 1.08% | - | 2.47% | 2.94% | 1.41% | 2.36% | 1.62% | 0.96% | 0.67% | 0.74% | 1.02% | 1.39% | 0.91% | 0.67% | 0.59% | 0.64% | 0.64% | 0.28% | - | - | - | - | - | - | - | - | - |
Coherent's average Quarter SG&A projection for Mar 24 is $100.96M, based on 4 Wall Street analysts, with a range of $80.77M to $121.15M. The forecast indicates a -51.69% fall compared to COHR last annual SG&A of $209.00M (Dec 23).
Coherent EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Sep 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Sep 16 | Sep 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Sep 10 | Mar 09 | Mar 08 | Dec 07 | Sep 05 | Sep 04 | Jun 03 | Mar 02 | Mar 01 | Jun 00 | Sep 99 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 5 | 4 | 7 | 13 | 17 | 14 | 19 | 13 | 14 | 15 | 19 | 20 | 16 | 16 | 15 | 10 | 18 | 8 | 18 | 15 | 7 | 19 | 8 | 7 | 20 | 13 | 10 | 17 | 12 |
| EPS | - | - | - | $-0.38 | - | $-0.24 | $-0.29 | $0.30 | $0.71 | $0.07 | $0.38 | $0.48 | $0.36 | $0.26 | $0.28 | $0.14 | $0.26 | $0.22 | $0.37 | $0.30 | $0.11 | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $0.62 | $0.60 | $0.42 | $0.23 | $0.12 | $1.43 | $1.27 | $1.43 | $0.88 | $0.43 | $1.33 | $3.61 | $1.97 | $1.39 | $0.71 | $0.74 | $0.87 | $0.93 | $0.73 | $0.69 | $0.19 | $0.26 | $0.33 | $0.26 | $0.13 | $-0.04 | $0.05 | $0.43 | $0.30 | $0.19 |
| High Forecast | $0.68 | $0.61 | $0.42 | $0.26 | $0.16 | $1.44 | $1.29 | $1.44 | $1.06 | $0.52 | $1.60 | $4.33 | $2.36 | $1.67 | $0.85 | $0.89 | $1.04 | $1.12 | $0.88 | $0.83 | $0.23 | $0.31 | $0.40 | $0.31 | $0.16 | $-0.04 | $0.06 | $0.52 | $0.36 | $0.23 |
| Low Forecast | $0.60 | $0.60 | $0.42 | $0.21 | $0.10 | $1.42 | $1.27 | $1.43 | $0.70 | $0.34 | $1.06 | $2.89 | $1.58 | $1.11 | $0.57 | $0.59 | $0.70 | $0.74 | $0.58 | $0.55 | $0.15 | $0.21 | $0.26 | $0.21 | $0.10 | $-0.05 | $0.04 | $0.34 | $0.24 | $0.15 |
| Surprise % | - | - | - | -1.65% | - | -0.17% | -0.23% | 0.21% | 0.81% | 0.16% | 0.29% | 0.13% | 0.18% | 0.19% | 0.39% | 0.19% | 0.30% | 0.24% | 0.51% | 0.43% | 0.58% | - | - | - | - | - | - | - | - | - |
According to 14 Wall Street analysts, Coherent's projected average Quarter EPS for Sep 22 is $1.27, with a low estimate of $1.27 and a high estimate of $1.29. This represents a 323.88% increase compared to COHR previous annual EPS of $0.30 (Mar 22).
COHR Forecast FAQ
Is Coherent a good buy?
Yes, according to 23 Wall Street analysts, Coherent (COHR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 17 'Buy' recommendations, accounting for 73.91% of COHR's total ratings.
What is COHR's price target?
Coherent (COHR) average price target is $73.73 with a range of $45 to $94, implying a -5.45% from its last price of $77.98. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Coherent stock go up soon?
According to Wall Street analysts' prediction for COHR stock, the company can go down by -5.45% (from the last price of $77.98 to the average price target of $73.73), up by 20.54% based on the highest stock price target, and down by -42.29% based on the lowest stock price target.
Can Coherent stock reach $120?
COHR's average twelve months analyst stock price target of $73.73 does not support the claim that Coherent can reach $120 in the near future.
What is Coherent's current price target trend?
3 Wall Street analysts forecast a $84.33 price target for Coherent (COHR) this month, up 8.14% from its last price of $77.98. Compared to the last 3 and 12 months, the average price target increased by 2.08% and decreased by -9.08%, respectively.
What are Coherent's analysts' financial forecasts?
Coherent's analysts financial forecasts for the fiscal year (Jun 2003) are as follows: average revenue is $297.6M (high $357.12M, low $238.08M), average EBITDA is $5.37M (high $6.45M, low $4.3M), average net income is $-3.45M (high $-2.76M, low $-4.14M), average SG&A $38.16M (high $45.79M, low $30.52M), and average EPS is $-0.045 (high $-0.04, low $-0.0499). COHR's analysts financial forecasts for the fiscal year (Jun 2024) are as follows: average revenue is $4.62B (high $4.65B, low $4.59B), average EBITDA is $401.06M (high $424.29M, low $377.94M), average net income is $196.69M (high $218.63M, low $180.04M), average SG&A $698.78M (high $723.56M, low $674.23M), and average EPS is $1.37 (high $1.45, low $1.33).
Did the COHR's actual financial results beat the analysts' financial forecasts?
In terms of the last quarterly report (Dec 2023), Coherent's revenue was $1.13B, beating the average analysts' forecast of $1.12B by 0.98%. The company's EBITDA was $30M, missing the average prediction of $96.18M by -68.81%. Coherent's net income was $-27M, missing the average estimation of $35.1M by -176.93%. The company's SG&A was $209M, beating the average forecast of $194.07M by 7.69%. Lastly, the company's EPS was $-0.38, missing the average prediction of $0.23 by -265.22%