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COHR · Analysis updated Nov 6, 2026, 4:45 PM ET
Why is Coherent Corp. (COHR) stock moving?
Coherent reported fiscal Q1 2027 revenue of $2.37B and a 40.6% non-GAAP gross margin. It guided Q2 to a midpoint of $2.65B revenue and $2.38 EPS, and raised its FY27 growth outlook above 60%. It also cited a $20B long-term agreement and 85% Data Center growth. The stock still fell 12.98% on Nov 5 to $169.76, an intraday low of $160.23, on volume of 17.3M shares against a 7.9M average. The drop came amid a broad AI-optical selloff that also hit Lumentum and Applied Optoelectronics. Investors focused on heavy capacity spending, negative operating cash flow and valuation compression, and Stifel said operating leverage, not gross margin, drove the EPS beat. On Nov 6 the shares rebounded about 10-13% to roughly $186-$193. That recovers part of the loss but leaves them about 50% below the one-month-ago level and about 56% below the $440 high. Analyst sentiment stays constructive: the average target is about $388, Rosenblatt kept Buy at $400, and Northland upgraded. BofA and Riley hold Neutral with targets of $228-$240. With a beta above 2.2, swings are large and sector sentiment is the dominant driver. A rebound from a capitulation-style low on heavy volume supports a bounce, but the downtrend and the volatile sector keep conviction modest.
News behind the analysis
- Coherent (COHR) Shares Drop Over 10% Despite Strong Q1 Fiscal 2027 ResultsThe stock fell more than 10% on Nov 5 in a tech sector downturn, even though Data Center revenue grew 85% and Coherent announced a $20B long-term agreement. Analysts stayed positive, though some cut price targets.
- Coherent earnings analysis: questions answered and next catalystsCoherent beat on every line and raised guidance, yet the stock fell about 14% on Nov 5. The Q2 guidance midpoint is $2.65B revenue and $2.38 EPS, and estimates had already risen ahead of the report.
- Coherent Corp. (COHR) Stock Price, News, Quote & HistoryThe market focused on heavy capacity spending, negative operating cash flow and the challenge of lifting margins. COHR fell 13.08% on Nov 5.
- Coherent Now Sees Growth Above 60% and Its First $4 Billion Quarter by Fiscal 2028Coherent closed at $195.09 on Nov 4, 55.7% below its 52-week high of $440. Management raised its long-range targets, backed by signed agreements.
- Coherent (COHR) Stock Price & News - Google FinanceThe stock was at $192.56, up 13.42% on Nov 6, after an intraday low of $160.23. Headlines describe a rebound after the steep AI selloff.
- Moderna, JFrog, TransMedics, Ubiquiti And Other Big Stocks Moving Higher On FridayCoherent climbed 9.9% to $186.50 in Friday trading.
- COHR Stock Price and Chart — TradingViewRosenblatt kept its Buy rating but cut its price target to $400 from $500. The stock was down about 30% over the week and about 50% over the month.
- Coherent (COHR) Stock Price, Chart & NewsThe average analyst target is $387.8 and the consensus rating is Buy. Recent moves include Northland's upgrade to Outperform, and target cuts from BofA ($240) and Riley ($228).