Fintel reports that on May 1, 2026, Rothschild & Co initiated coverage of Coherent (NYSE:COHR) with a Buy recommendation.
Analyst Price Forecast Suggests 4.39% Downside
As of April 29, 2026, the average one-year price target for Coherent is $315.15/share. The forecasts range from a low of $171.70 to a high of $446.25. The average price target represents a decrease of 4.39% from its latest reported closing price of $329.62 / share.
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The projected annual revenue for Coherent is 6,690MM, an increase of 6.29%. The projected annual non-GAAP EPS is 6.93.
What is the Fund Sentiment?
There are 989 funds or institutions reporting positions in Coherent. This is an decrease of 196 owner(s) or 16.54% in the last quarter. Average portfolio weight of all funds dedicated to COHR is 0.38%, an increase of 6.69%. Total shares owned by institutions decreased in the last three months by 1.86% to 167,139K shares. 
The put/call ratio of COHR is 1.10, indicating a bearish outlook.
What are Other Shareholders Doing?
Bain Capital Investors holds 9,776K shares representing 5.01% ownership of the company.
Invesco holds 5,376K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 6,394K shares , representing a decrease of 18.95%. The firm increased its portfolio allocation in COHR by 49.85% over the last quarter.
Jane Street Group holds 3,578K shares representing 1.83% ownership of the company. In its prior filing, the firm reported owning 68K shares , representing an increase of 98.10%. The firm increased its portfolio allocation in COHR by 8,848.47% over the last quarter.
Point72 Asset Management holds 3,339K shares representing 1.71% ownership of the company. In its prior filing, the firm reported owning 3,903K shares , representing a decrease of 16.89%. The firm decreased its portfolio allocation in COHR by 2.04% over the last quarter.
Geode Capital Management holds 2,793K shares representing 1.43% ownership of the company. In its prior filing, the firm reported owning 2,736K shares , representing an increase of 2.07%. The firm decreased its portfolio allocation in COHR by 9.77% over the last quarter.
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