Barclays has revised its price target on Coherent (COHR, Financial), a prominent player in the semiconductor sector, reducing it from $125 to $80. Despite this adjustment, the firm maintains an Overweight rating for the stock. This decision comes as Barclays updates its models for semiconductors and semiconductor capital equipment in anticipation of potential impacts from tariffs and an ongoing trade war, ahead of Coherent's first-quarter earnings announcement.
The analyst involved in this evaluation highlighted reductions in target multiples due to heightened risks associated with China and consumer markets. These factors are expected to influence the company’s prospects as it navigates current economic challenges. Investors are advised to consider these updates when evaluating the future performance of Coherent's shares.
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 $100.61 with a high estimate of $125.00 and a low estimate of $47.00. The average target implies an upside of 93.03% from the current price of $52.12. 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 $66.43, suggesting a upside of 27.46% from the current price of $52.12. 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.
