How to Buy Coherent Stock
Coherent Corp
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications.
Coherent stock last closed at $70.86, up 0.08% from the previous day, and has increased 115.84% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 1.04 percentage points. Coherent stock is currently +148.89% from its 52-week low of $28.47, and -12.44% from its 52-week high of $80.93.
As of Sep 10, 2024, there are 153.3M shares of COHR outstanding. The market value of COHR is $10.86B. In the last 24 hours, 1.14M COHR shares were traded.
How to Buy Coherent Stock
Wondering how to invest in Coherent stock? Here's how.
- Decide where to buy Coherent stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Coherent stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Coherent stock: The Coherent ticker symbol is COHR. Is Coherent stock a good investment? Should you buy shares of COHR? How do COHR's underlying business fundamentals look? Do top analysts think Coherent is a good buy? Why has COHR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if COHR is a good stock to buy).
- Execute your COHR purchase: Decide if you will purchase COHR shares at the current market price or use a limit order to purchase COHR stock at a particular price.
- Keep tabs on your investment in COHR: Create a watchlist to get live updates on your position in Coherent stock.
Step 1: Decide where to buy Coherent stock
You will need a brokerage account in order to access the NYSE market and buy COHR stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal information so you are able to buy COHR stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring money into your new investment account.
Step 4: Analyze Coherent stock
Once you have decided on the best place to buy Coherent stock, it's critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Coherent stock data
COHR Zen Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis.
You can view all of the due diligence checks on COHR's stock page.
How is COHR stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge COHR's true value.
Using relative valuations measures:
- COHR may be undervalued based on its P/B ratio of 2.08x, relative to Scientific & Technical Instruments industry P/B ratio of 3.23x
You can do more valuation analysis on COHR's stock here.
COHR Financial Health Summary
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the COHR balance sheet.
- COHR profit margin has gone up from -7.8% to -5.9% in the past year.
Negative Health Checks:
- COHR earnings of $143.44M is not sufficient to cover its interest payments.
- COHR's operating cash flow of $545.73M allows it to safely service it's debt of $4.30B.
- Total COHR debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the COHR balance sheet.
- COHR has a relatively high debt to equity ratio of 1.26.
Do Wall Street analysts think it's a good time to buy COHR stock
Out of 12 Equities analysts who give ratings on COHR, the consensus analyst rating on Coherent is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest COHR Analyst Ratings
Mike Genovese, a top 28% analyst from Rosenblatt maintains COHR with a strong buy rating and raises their COHR price target from $76.00 to $84.00, on Aug 16, 2024.
Meta Marshall, a top 5% analyst from Morgan Stanley maintains COHR with a hold rating and raises their COHR price target from $58.00 to $72.00, on Aug 16, 2024.
James Ricchiuti, a top 1% analyst from Needham maintains COHR with a buy rating and raises their COHR price target from $72.00 to $84.00, on Aug 16, 2024.
Vivek Arya, a top 1% analyst from Bank of America maintains COHR with a strong buy rating and raises their COHR price target from $75.00 to $90.00, on Aug 16, 2024.
Bank of America's Vivek Arya raised their price target on Coherent (NYSE: COHR) by 20% from $75 to $90 on 2024/08/16. The analyst maintained their Strong Buy rating on the stock.
Coherent reported its Q4 and FY 2024 earnings on 2024/08/15.
Arya said their primary takeaway from the print was that "Coherent's new CEO is planting the seeds for a notable turnaround over the next 1 to 2 years while taking advantage of the surging demand for AI optical transceivers."
Earnings Report
For Q4 2024, Coherent reported:
- EPS of EPS of $0.61, which beat the Zacks Consensus Estimate of $0.60 and, by 48.8%, Q4 2023's $0.41.
- Revenue of $1.31B, which beat the Zacks Consensus Estimate of $1.28B and Q4 2023 by 9.1%.
For Q1 2025, management guided:
- EPS of $0.53 to $0.69.
- Revenue of $1.27B to $1.35B.
CEO Jim Anderson commented: “After meeting with many of our employees and customers, I am more excited today about Coherent’s potential than when I joined two months ago.
"Coherent is a deeply innovative company with many secular growth opportunities.
"While we have many strengths, we also have opportunities for improvement, and I look forward to working with all my Coherent teammates to unlock the full potential of the company and drive outstanding shareholder value creation.”
Tom O'Malley, a top 34% analyst from Barclays maintains COHR with a strong buy rating and raises their COHR price target from $66.00 to $85.00, on Aug 14, 2024.
You can dig deeper into what analysts are saying on the Coherent stock forecast page.
COHR Technicals
COHR Growth Metrics
Last year, COHR revenue was $4.71B. Over the past 5 year, COHR's revenue has grown by 28.14% per year. This was faster than the Scientific & Technical Instruments industry average of 9.1%.
Dig into COHR's earnings and revenue performance here.
Who is buying/selling COHR?
In the last 12 months, executives and large shareholders at COHR have sold more shares than they have bought.
James Robert Anderson, CEO President of COHR, was the latest COHR insider to buy. They bought $36,685.00 worth of COHR shares on Sep 3, 2024.
Dig into more about who owns COHR shares here.
Does COHR provide a stable income stream?
No, Coherent doesn't provide an income stream by paying out dividends.
COHR Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your COHR purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in COHR
Now that you own some shares in COHR, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to get alerted to the latest events about your COHR stock.
COHR Feed
How to Buy Stock in Coherent
To reiterate, here are the 6 steps to buy stock in Coherent:
- Decide where to buy Coherent stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Coherent stock
- Execute your COHR purchase
- Keep tabs on your investment in COHR
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Coherent, get started below.
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