Coherent Corp (NYSE: COHR). Meaningful positive changes in fundamentals have recently occurred: the consensus estimate for June, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for June, 2025 increased significantly.
Significant positive changes in investment behavior have recently occurred for Coherent Corp (NYSE: COHR): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, COHR is expected to continue to be a modest Value Builder.
Coherent has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Coherent has a slightly positive Appreciation Score of 66 and a very high Power Rating of 86, resulting in the Highest Value Trend Rating.
Recent Price Action
Coherent Corp (NYSE: COHR) stock closed at $57.97 on 2/28/24 after a slight decline of -0.09%. However, unusually low trading volume at 51% of normal accompanied the decline. The stock has risen 2.1% during the last week and has been strong relative to the market over the last nine months.
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