Coherent (COHR) Stock Drops 36% But Analysts Project 55% Upside

Coherent (COHR) fell 36% over three months, driven by dilution and profit-taking, despite a 34% year-over-year increase in Q4 revenue. Analyst Mike Genovese raised the price target to $500, emphasizing growth from 800G transceivers and vertical integration, which could lead to a doubling of the stock price. The company has bookings extending into 2028, and fiscal 2027 earnings per share (EPS) estimates rose from $8.09 to $9.41. Currently trading at $268.64, Wall Street expects an average target of $416.09, indicating approximately 55% potential upside for investors.