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Analysts Offer Insights on Technology Companies: Coherent Corp (COHR) and Manhattan Associates (MANH)

Tipranks - Tipranks - Fri Feb 6, 5:22AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Coherent Corp (COHR – Research Report) and Manhattan Associates (MANH – Research Report) with bullish sentiments.

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Coherent Corp (COHR)

Needham analyst Ryan Koontz maintained a Buy rating on Coherent Corp today and set a price target of $235.00. The company’s shares closed last Wednesday at $211.00.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 19.9% and a 49.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Extreme Networks. ;'>

Coherent Corp has an analyst consensus of Moderate Buy, with a price target consensus of $208.17, which is a -10.5% downside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $252.00 price target.

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Manhattan Associates (MANH)

In a report released today, Dylan Becker from William Blair maintained a Buy rating on Manhattan Associates. The company’s shares closed last Wednesday at $138.52.

According to TipRanks.com, Becker is a 4-star analyst with an average return of 8.6% and a 51.8% success rate. Becker covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, The Descartes Systems Group, and ServiceTitan, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Manhattan Associates with a $219.17 average price target, implying a 65.3% upside from current levels. In a report issued on January 28, TipRanks – OpenAI also upgraded the stock to Buy with a $201.00 price target.

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