COHR, US19247G1076

TD Cowen cuts target to USD 275 for Coherent stock

Published on 10/21/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coherent stock costs EUR 213.40 on October 21, 2026 before results on November 4. Fiscal first-quarter revenue guidance is USD 2.2 billion to USD 2.4 billion.

Target cuts and upcoming results

TD Cowen reduced its Coherent target to USD 275 from USD 395 on October 20, 2026.
Fiscal first-quarter revenue guidance stands at USD 2.2 billion to USD 2.4 billion.
Coherent stock trades at EUR 213.40 at 11:58 a.m. CEST at Lang & Schwarz on October 21, 2026.

COHR, US19247G1076, Illustration mit AI erstellt.

Coherent Corp. (US19247G1076) faces a sharply lower TD Cowen price target of USD 275, down from USD 395, after the analyst note dated October 20, 2026. Investing.com reported that TD Cowen kept its Buy rating while reducing the target. Coherent stock was trading at EUR 213.40 at Lang & Schwarz on October 21, 2026 at 11:58 a.m. CEST.

Why does the target cut matter?

The reduction equals 30.38 percent from the former target and leaves the new target 20.67 percent below the USD 346.79 equivalent of the euro quote at the exchange rate implied by the cited market data. The cleaner comparison is the analyst move itself: TD Cowen lowered its target by USD 120 while retaining a positive rating. Investing.com also reported a USD 440 52-week high and a separate B. Riley reduction from USD 345 to USD 297.

Coherent's operating backdrop remains tied to its next report. Yahoo Finance reported that fiscal fourth-quarter 2026 revenue reached USD 2.05 billion and adjusted earnings per share were USD 1.74. For fiscal first-quarter 2027, management guidance called for revenue of USD 2.2 billion to USD 2.4 billion and adjusted earnings per share of USD 1.85 to USD 2.05.

Three dates shape the setup

On August 12, 2026, Coherent reported fiscal fourth-quarter revenue of USD 2.05 billion. On August 27, 2026, the company approved performance stock unit awards with target values totaling USD 100 million. On October 20, 2026, TD Cowen cut its target from USD 395 to USD 275 while maintaining its Buy rating, as reported by Tickerstat and Investing.com.

When does Coherent report next?

GlobeNewswire reported on October 14, 2026 that Coherent will publish results for the quarter ended September 30, 2026, on November 4, 2026, after the NYSE close. Management scheduled the webcast for 4:30 p.m. ET.

Stock price and valuation context

Coherent's market capitalization was USD 45.6 billion as of October 20, 2026. The company operates in photonics, serving datacenter, communications and industrial customers, while its next earnings release offers the next quantified test of the revenue and margin outlook.

At Lang & Schwarz, Coherent stock was trading at EUR 213.40 on October 21, 2026 at 11:58 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Coherent stock.