New York, Jan 30, 2026, 20:10 EST — Markets have closed.
- Coherent (COHR) closed Friday 1.7% lower at $212.18 following a volatile session.
- Morgan Stanley raised its price target to $190 while maintaining an Equal-Weight rating.
- Next catalyst arrives on Feb. 4, after the close. Guidance then will probably shape the week ahead.
Coherent’s stock slipped 1.7% to finish at $212.18 on Friday, bouncing between a high of $237.18 and a low of $210.48 during the session. The shares have dropped roughly 4% over the past two days. (Investing)
This matters because Coherent’s quarterly outlook has turned into a key milestone for a stock that’s been volatile on even minor tweaks to forecasts. With U.S. markets closed over the weekend, investors are gearing up for Monday’s open, as earnings loom large enough to steer the action.
Meta Marshall lifted her price target on Coherent (COHR) to $190 from $180 in an earnings preview, maintaining an Equal-Weight rating—indicating she expects the stock to track its peers. She noted being “more positively inclined on COHR vs. LITE into the print,” referring to optics rival Lumentum. (TipRanks)
That keeps Coherent trading above at least some updated targets, shifting the spotlight onto the company’s forecast instead of the just-reported quarter. A clean beat alone doesn’t always move the needle when guidance is the key driver.
Coherent’s drop came amid a broad pullback in growth and chip stocks. The Nasdaq Composite slid 0.94% as traders absorbed Donald Trump’s choice of Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, coupled with a hotter-than-expected producer-price index and a wave of earnings reports. “Markets are calibrating to Trump’s pick of Kevin Warsh,” noted Michael Hans, chief investment officer at Citizens Wealth. (Reuters)
Coherent plans to announce its quarterly results for the period ending Dec. 31 after the New York Stock Exchange closes on Wednesday, Feb. 4. A webcast will follow at 4:30 p.m. ET. (GlobeNewswire)
Traders are zeroing in on demand specifics in optical networking, particularly how orders fared toward year-end for faster transceivers — the gear that drives data through fiber. Any margin insights linked to product ramps and sales mix will get close scrutiny as well.
There’s a more straightforward risk for bulls: expectations may outpace execution. If the company’s forecast appears cautious or management signals slower bookings, the stock could pull back sharply—especially in a market still jittery over rates and policy changes.
Coherent shares return to the market Monday. Investors will be eyeing the Feb. 4 earnings release after the close, with the 4:30 p.m. ET call expected to steer sentiment heading into the next day’s session.
