Rosenblatt Rates Coherent (COHR) Buy, $500 Price Target

Rosenblatt keeps its bullish stance on Coherent Corp. with a $500 price target, despite shares trading significantly below averages, a 113.12% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:08 PM EDT

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Rosenblatt rated Coherent Corp. ($COHR) "Buy" with a $500 price target on October 13, 2026.

Since the rating, $COHR is down 19.7% to date (from the $289.98 close on Oct 13, 2026).

COHR Coherent Corp.

$232.90 +19.85% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Rosenblatt reiterated its Buy rating on Coherent Corp. with a target price of $500.
Rosenblatt's $500 price target implies 113.12% upside from Coherent Corp.'s ($COHR) current $234.61 share price.
The stock is currently trading at about $234.61, which is 46.7% below its 52-week high of $440.00.
Coherent Corp. has a market cap of approximately $49.4 billion and is set to report earnings on November 4, 2026.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Coherent Corp. alert may contain errors. Disclosures

Rosenblatt recently reiterated its Buy rating for Coherent Corp. (NYSE: COHR) on October 13, 2026, maintaining a price target of $500. This comes as shares are trading at approximately $234.61, significantly below both the analyst's target and the stock's recent averages.

Other Institutional Activity in Coherent Corp.

Several other institutional investors have also been active with Coherent. Blackrock Inc. grew its holdings by 1,655,277 shares, ending with 16,608,092 shares valued at about $3.87 billion. Vanguard Capital Management LLC increased its position by 585,849 shares, bringing its total to 12,765,663 shares worth around $2.97 billion. Conversely, FMR, LLC reduced its stake by 11,647,187 shares, holding now 11,012,710 shares valued at about $2.56 billion.

Coherent Corp. Stock Down 10.9%

As of October 16, 2026, Coherent Corp.'s stock is trading below its 50-day moving average by 22.3% and 20.3% below its 200-day moving average. The stock is currently positioned 46.7% below its 52-week high of $440.00, but it remains 107.7% above its 52-week low of $112.96. This price action can reflect market sentiment and investor expectations.

12-month forecast

$COHR price target

Coherent Corp. daily closes and this analyst's $500 target. Not advice.

Recent Earnings

Coherent Corp. reported trailing twelve-month revenue of approximately $7.12 billion, with an earnings per share (EPS) of $4.12. The company has shown a revenue growth of 33.7% year-over-year. The next earnings report is scheduled for November 4, 2026, which could provide further insights into its financial health.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C+ 63/100

Reported May 6, 2026

Forward outlook
3 analysts raised price targets.
EPS & revenue
EPS missed estimates by 1.1%. Revenue missed estimates by 0.5%.
Profit surprise
EBITDA missed by 59 percent. Operating income missed by 63 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
3 target raises.
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.

Recent insider transactions include Chief Technology Officer Julie Sheridan Eng, who sold 13,077 shares on September 1, 2026, valued at about $3.58 million. Director Lisa Neal-Graves sold 2,200 shares on September 2, 2026, for roughly $590,524, while Officer Robert P Beard sold 500 shares on September 9, 2026, valued at about $154,660. Director Enrico Digirolomo also sold 5,315 shares on September 11, 2026, for approximately $1.63 million.

Analysts Set New Price Targets

On October 13, 2026, Rosenblatt reiterated its Buy rating for Coherent Corp. with a price target of $500. This follows other firms like Jefferies, which maintained a Buy rating with a target of $420 on August 13, 2026, and Deutsche Bank, which initiated coverage with a Buy rating and a target of $400 on September 1, 2026. The consensus price target among analysts is about $410.43, reflecting a strong overall sentiment despite current trading levels.

About Coherent Corp.

Coherent Corp. develops and manufactures lasers and optical devices, serving various industries globally. Its products include essential components like detectors and optical amplifiers. The company's strong revenue growth and upcoming earnings report make it a focal point for investors.

Bottom Line

Investors should watch for Coherent's upcoming earnings report on November 4, 2026, to gauge its financial performance. With analysts maintaining a Buy rating, the stock's current price presents a potential opportunity for investors, although it remains significantly below its targets.