Berenberg Bank analyst Paretosh Misra maintained a Hold rating on Coherent (NASDAQ:COHR) on Friday, setting a price target of $246, which is approximately 1.39% below the present share price of $249.47.
Misra expects Coherent to post earnings per share (EPS) of $1.24 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Coherent, with an average price target of $246.
The analysts price targets range from a high of $246 to a low of $246.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $395.76 million and a net profit of $44.68 million. The company's market cap is $27.54 billion.
According to TipRanks.com, Berenberg Bank analyst Paretosh Misra is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 38.89% 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.