New Buy Rating for Coherent Corp (COHR), the Technology Giant

Jefferies analyst maintained a Buy rating on Coherent Corp today and set a price target of $350.00.

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In addition to Jefferies, Coherent Corp also received a Buy from TipRanks – PerPlexity’s PerPlexity Hardware Equipment and Parts in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Coherent Corp (NYSE: COHR).

Based on Coherent Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.69 billion and a net profit of $147 million. In comparison, last year the company earned a revenue of $1.43 billion and had a net profit of $103.39 million

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COHR in relation to earlier this year. Earlier this month, Howard Xia, a Director at COHR sold 4,240.00 shares for a total of $1,040,942.80.