Benchmark Co. analyst Mark Miller maintained a Buy rating on Coherent (NASDAQ:COHR) on Wednesday, setting a price target of $160, which is approximately 10.09% above the present share price of $145.33.
Miller expects Coherent to post earnings per share (EPS) of -$17.39 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Coherent, with an average price target of $169.4.
The analysts price targets range from a high of $182 to a low of $160.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $293.15 million and a net profit of $1.71 million. The company's market cap is $3.5 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.6% and a 68.93% success rate.
Coherent, Inc. engages in the design, manufacture, and service of lasers and related accessories. It operates through the OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS) business segments. The OLS segment focuses on laser sources and complex optical sub-systems, typically used in microelectronics manufacturing, medical diagnostics, and therapeutic medical applications. The ILS segment covers laser sources, sub-systems, and tools primarily used for industrial laser materials processing. The company was founded by Eugene Watson on May 26, 1966 and is headquartered in Santa Clara, CA.