Coherent Corp. (NYSE:COHR) on Wednesday posted better-than-expected fourth-quarter results.
Coherent reported quarterly earnings of $1.74 per share, which beat the consensus estimate of $1.61 by 7.41%, according to Benzinga Pro data. Quarterly revenue came in at $2.05 billion, which beat the analyst consensus estimate of $1.99 billion and was up from $1.53 billion the same period last year.
"Fiscal 2026 was an outstanding year for Coherent, with record revenue, significant margin expansion, and non-GAAP EPS growth that was more than twice the rate of revenue growth" said Jim Anderson, CEO.
Coherent expects first-quarter adjusted EPS of $1.85 to $2.05, versus the $1.77 analyst estimate, and revenue of $2.2 billion to $2.4 billion, versus the $2.14 billion analyst estimate.
Coherent shares fell 4.7% to $338.85 in pre-market trading.
These analysts made changes to their price targets on Coherent following earnings announcement.
- Needham analyst Ryan Koontz maintained the stock with a Buy and raised the price target from $380 to $420.
- Rosenblatt analyst Mike Genovese maintained the stock with a Buy and raised the price target from $425 to $500.
- B. Riley Securities analyst Dave Kang maintained the stock with a Neutral and boosted the price target from $309 to $345.
Considering buying COHR stock? Here’s what analysts think:
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