Rosenblatt analyst Mike Genovese initiated coverage of Coherent with a Buy rating and $55 price target. The company is positioned to benefit from secular growth mega trends in markets including Optical networking, Electric and autonomous vehicles, advanced medical devices, additive manufacturing, display technology, 3D Sensing, AR/VR, and wearable devices, Genovese tells investors in a research note. He thinks Coherent will be a share gainer in product areas including Datacom and Telecom components, 3DS laser arrays, and silicon carbide.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on COHR:
- Coherent Introduces the Industry’s First Commercially Available 50 W Pump Laser Diodes for Fiber Lasers
- Coherent Appoints Dr. Beck Mason as Executive VP, Telecommunications
- Lumentum price target lowered to $75 from $80 at Craig-Hallum
- Coherent Introduces 905 nm Pulsed Triple-Junction Edge-Emitting Lasers for Industrial LiDAR
- Coherent Introduces Diffractive Optical Elements for High-Power Industrial Lasers
