JPMorgan has revised its price target for Coherent (COHR, Financial), reducing it from $120 to $80, while maintaining an Overweight rating on the company's shares. This adjustment arises from an updated analysis of hardware and networking models, reflecting the anticipated impact of ongoing macroeconomic uncertainties exacerbated by tariffs.
The financial institution now anticipates a wider economic slowdown, which is expected to lead to softened demand across various customer segments, including consumer, enterprise, and telecom markets. This revised forecast incorporates the potential for reduced purchasing activity as both businesses and consumers adjust to the evolving economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Coherent Corp (COHR, Financial) is $102.67 with a high estimate of $135.00 and a low estimate of $47.00. The average target implies an upside of 85.15% from the current price of $55.45. More detailed estimate data can be found on the Coherent Corp (COHR) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Coherent Corp's (COHR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coherent Corp (COHR, Financial) in one year is $66.49, suggesting a upside of 19.91% from the current price of $55.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coherent Corp (COHR) Summary page.
