StoneX Initiates Coherent (COHR) at Buy
Key Points
- StoneX maintains its Buy rating on Coherent Corp. with a target price of $425, initiated on October 26, 2026.
- As of October 26, 2026, Coherent shares traded at $220.02, about equal to recent prices but significantly below the 50-day and 200-day moving averages.
- The average analyst target for Coherent is $394.79, indicating a potential upside from the current trading level.
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On October 26, 2026, StoneX reiterated its Buy rating on Coherent Corp. (NYSE: COHR) and set a price target of $425. This announcement came as part of their ongoing coverage of the company, and it aligns with StoneX's view of the stock's potential.
Coherent's shares closed at $220.02 on October 26, 2026. With this price, the stock is trading about equal to recent levels but remains significantly below its 50-day moving average of approximately $287.90 and its 200-day moving average of about $295.35. The shares are also nearly 50% below their 52-week high of $440.00, though they are up about 78% from the 52-week low of $123.75.
COHR
Coherent Corp.
StoneX vs. the S&P 500
Hypothetical returns from StoneX's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Coherent Corp.
E. Ohman J:or Asset Management grew its holdings by 84,676 shares, bringing its total to 89,666 shares valued at about $25.8 million. Meanwhile, Capital International Investors added 1,800,280 shares to reach a total of 3,600,561 shares worth around $792.2 million. ARS Wealth Advisors Group acquired 2,141 shares, while AMF Tjanstepension reduced its stake by 5,503 shares, leaving it with none.
Coherent Corp. Stock Up 6.0%
As of October 26, 2026, Coherent shares are trading at $220.02, which is below the average analyst target of $394.79. The stock is also trading well below its 50-day and 200-day moving averages, indicating a challenging price environment. This context is important as StoneX's target suggests substantial upside potential for investors.
$COHR price target
Coherent Corp. daily closes and this analyst's $425 target. Not advice.
Recent Earnings
Coherent reported trailing twelve-month revenue of approximately $7.12 billion, reflecting a year-over-year growth of 33.7%. The company has an EPS of $4.12 and a net margin of 11.3%. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 1.1%. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA missed by 59 percent. Operating income missed by 63 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 2.4 points. Operating margin down 1.5 points. Positive free cash flow.
Earnings Call Summary
Coherent reported $1.81 billion in revenue for the first quarter, up 19 percent year over year on a pro forma basis. The company is experiencing record orders and exceptionally strong demand across its datacenter and communications businesses, driven by AI data center expansion and optical networking adoption. Management is aggressively ramping indium phosphide laser production capacity at two sites and expects to double capacity over the next year, with six-inch production yields exceeding three-inch lines.
Guidance Management expects second quarter revenue between $1.56 billion and $1.7 billion, with datacom growing 10 percent sequentially from supply improvement. Gross margin is projected between 38 and 40 percent, and EPS between $1.10 and $1.30 per share.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Analysts Set New Price Targets
On October 26, 2026, StoneX initiated coverage with a Buy rating and a target price of $425. Earlier, on October 21, 2026, Susquehanna maintained its Positive rating while adjusting its target from $425 to $350. Other analysts have also maintained their ratings, with targets ranging from $275 to $500.
About Coherent Corp.
Coherent Corp. develops and manufactures lasers and optical devices used in various industries. The company is based in Saxonburg, Pennsylvania, and employs over 51,000 people. Its products are critical in areas such as telecommunications and manufacturing.
Bottom Line
Investors should keep an eye on Coherent's upcoming earnings report on November 4, 2026, and watch for any further analyst updates. StoneX's recent reiteration of its Buy rating highlights the potential for the stock to recover from its current levels.
Related Filing Alerts
Source: StoneX's rating change on $COHR (Oct 26, 2026). Written by software, not financial advice. How we make alerts