The Coherent stock rating remained at Buy on October 3, 2023, when Needham lowered its price target for Coherent Corp shares to $380 from $420.

Coherent stock rating and target

The $40 reduction represented a 9.52% cut to Needham’s previous target. The firm maintained its Buy recommendation while revising the target.

A price target is an analyst estimate, not a guaranteed future share price. The available information does not establish whether Needham’s 2023 rating or target remains in effect, or explain the firm’s reasons for the change.

Coherent’s products

Coherent specializes in photonic and materials technologies. Its products include lasers, optical transceivers and optoelectronic components used across industries including telecommunications, industrial manufacturing and life sciences.

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