Susquehanna Cuts Coherent (COHR) Price Target to $350
Key Points
- Susquehanna maintained its Positive rating on Coherent Corp. on October 21, 2026, adjusting its price target from $425 to $350.
- Susquehanna's $350 price target implies 47.94% upside from Coherent Corp.'s ($COHR) current $236.59 share price.
- Coherent Corp. recently traded around $236.59, sitting below its 50-day moving average of $296.91 and its average analyst price target of $405.22.
- Four company insiders sold a combined total of over 20,000 shares across late August and September 2026.
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On October 21, 2026, Susquehanna maintained its Positive rating on Coherent Corp. NYSE:COHR while lowering its price target from $425.00 to $350.00. The research note was issued on the same day the optical technology developer's shares closed at $236.65.
COHR
Coherent Corp.
Susquehanna vs. the S&P 500
Hypothetical returns from Susquehanna's disclosed trades, not real profit or advice. How we model this.
Susquehanna's Call on Coherent Corp.
In its October 21, 2026 note, Susquehanna kept a Positive rating on the company while cutting its target by $75.00 to $350.00. The updated target sits above the stock's recent price of $236.59 on October 21, 2026, but below the broader Wall Street consensus mean target of $405.22.
Other Institutional Activity in Coherent Corp.
Other large investors have adjusted their holdings in the firm recently. ARS Wealth Advisors Group took a new position of 2,141 shares worth about $616,201. Capital International Investors doubled its holdings by adding 1,800,280 shares to finish the period with 3,600,561 shares valued at approximately $852,054,773. Meanwhile, Nvidia Corp held steady with 7,788,161 shares valued at roughly $1,843,029,393.
Coherent Corp. Stock Up 1.6%
The stock recently traded around $236.59 as of October 21, 2026, down roughly 46.2% from its 52-week high of $440.00 and up about 109.4% from its 52-week low of $112.96. Shares trade below the 50-day moving average of $296.91 and the 200-day moving average of $294.75.
$COHR price target
Coherent Corp. daily closes and this analyst's $350 target. Not advice.
Recent Earnings
Coherent Corp. reported trailing twelve-month revenue of $7.12 billion and earnings of $4.12 per share. The company posted a net profit margin of 11.3% and a return on equity of 8.0%. The company's 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.
Insider Buying and Selling at Coherent Corp.
Company insiders completed several share sales leading up to the report. Chief Technology Officer Julie Sheridan Eng sold 13,077 shares on September 1, 2026, valued at $3,583,081. Director Lisa Neal-Graves sold 2,200 shares on September 2, 2026, at an average price of $268.42 for a total of $590,524. Officer Robert P Beard sold 500 shares on September 9, 2026, at $309.32 per share, totaling $154,660. Finally, Director Enrico Digirolomo sold 5,315 shares on September 11, 2026, at an average price of $305.98 for a total value of $1,626,310.
Analysts Set New Price Targets
Wall Street firms have kept active coverage on the stock through autumn. Bernstein initiated coverage on September 30, 2026, with an Outperform rating and a $350.00 price target. Rosenblatt maintained a Buy rating on October 13, 2026, with a $500.00 target. B. Riley Securities maintained a Neutral rating on October 15, 2026, while lowering its target from $345.00 to $297.00. TD Cowen maintained a Buy rating on October 19, 2026, while lowering its price target from $395.00 to $275.00. Overall, the stock carries a consensus buy rating with a mean price target of $405.22 across 23 analyst opinions.
About Coherent Corp.
Coherent Corp. develops and manufactures lasers, transceivers, and optical components used in scientific, industrial, and communications systems worldwide. The company operates in the technology sector from its headquarters in Saxonburg, Pennsylvania.
Bottom Line
Investors will watch Coherent Corp.'s upcoming earnings release on November 4, 2026, for fresh financial details. Market participants continue to weigh updated analyst price targets against recent trading levels.
Related Filing Alerts
Source: Susquehanna's rating change on $COHR (Oct 21, 2026). Written by software, not financial advice. How we make alerts