[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-coherent-soars-6-lumentum-up-8-as-stonex-starts-both-with-buy-sees-103-upside-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":258,"relatedPosts":265,"suggestedPosts":344},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":238,"editor":244,"categories":249,"relatedPosts":255,"seo":256},145830,"Coherent Soars 6%, Lumentum Up 8% as StoneX Starts Both With Buy, Sees 103% Upside","2026-10-27T16:14:58","2026-10-27T16:15:06","\u003Cp>And the Street’s average target isn’t far behind.\u003C\u002Fp>\n","\n\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">Key Takeaways\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Coherent stock rose 6% and Lumentum rose 8% after StoneX initiated coverage of both with Buy ratings and price targets of $425 and $1,200.\u003C\u002Fli>\n\n\n\n\u003Cli>Coherent’s selloff hit its valuation, and analysts kept raising its earnings estimates the whole time.\u003C\u002Fli>\n\n\n\n\u003Cli>StoneX’s $425 target is about 45x Coherent’s fiscal 2027 earnings estimate, well above the stock’s five-year average multiple of 24x.\u003C\u002Fli>\n\n\n\n\u003Cli>Coherent reports results on Nov. 4, and its cash flow matters as much as its sales.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Coherent (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=309779&tid=2659893\">COHR\u003C\u002Fa>)\u003C\u002Fstrong> stock is up [6%] today and \u003Cstrong>Lumentum (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=272054403&tid=307533788\">LITE\u003C\u002Fa>)\u003C\u002Fstrong> is up 8% after StoneX initiated coverage of both with Buy ratings before the open this morning.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">StoneX’s $425 target on Coherent is 103% above Friday’s close. The firm says Coherent’s move to six-inch indium phosphide (InP) laser production underpins its earnings case. Its $1,200 Lumentum target is 59% above that stock’s Friday close, and StoneX says Lumentum holds “critical scarcity points” in high-speed InP lasers and cloud transceivers.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">That’s welcome relief for Coherent, which \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fcoherent-just-dropped-19-in-a-week-lumentum-16-is-it-time-to-sell-or-load-up\">dropped 19% in a week\u003C\u002Fa> on worries about AI funding and its cash burn.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-estimates-kept-climbing\" class=\"wp-block-heading\">Estimates kept climbing\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Six-inch wafers are the core of the bull case. Management says each one yields more than 4x the chips of a three-inch wafer at less than half the cost. It also expected to double its InP output capacity by the end of September, then more than double it again by the end of 2027.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Analysts expect that ramp to show up in earnings. They see normalized EPS climbing from $5.61 in fiscal 2026 to $9.39 in fiscal 2027 and $13.92 in fiscal 2028 (Coherent’s years end in June).\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA\" alt=\"Bar chart from TIKR of Coherent's normalized EPS, actual and consensus estimates, $ per share, fiscal 2024–2029 (years to June).\" class=\"wp-post-145830 wp-image-145825\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793030993\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793030993\u002Fimages\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029\u002FCOHR-2026-10-26_COHR_eps_estimates_2024-2029.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Coherent (COHR): normalized EPS, actual and consensus estimates, $ per share, fiscal 2024–2029 (years to June) (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">And that fiscal 2027 estimate is up from $8.17 at the end of June.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>See analyst ratings on Coherent (it’s free):\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">See the full breakdown of Buy, Hold, and Sell ratings on Coherent, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">See Coherent’s Analyst Ratings\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-does-425-add-up\" class=\"wp-block-heading\">Does $425 add up?\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">So the selloff came from the multiple. Coherent traded at 22x forward earnings at Friday’s close. That’s just under its five-year average of 24x and far below the 57x it hit in June.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA\" alt=\"Line chart from TIKR of Coherent's forward (NTM) P\u002FE, last 5 years.\" class=\"wp-post-145830 wp-image-145828\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793030981\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793030981\u002Fimages\u002FCOHR-2026-10-26_COHR_ntm_pe_5y\u002FCOHR-2026-10-26_COHR_ntm_pe_5y.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Coherent (COHR): forward (NTM) P\u002FE, last 5 years (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">StoneX’s $425 works out to about 45x the fiscal 2027 estimate, above even the 39x Coherent has averaged over the past year. At its five-year average multiple, $425 would take EPS of about $18. That’s close to the $18.87 analysts expect for fiscal 2029.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">StoneX has company, though: the 24 analysts’ targets average $395.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-cash-is-the-catch\" class=\"wp-block-heading\">Cash is the catch\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Coherent turned $1.1 billion of non-GAAP net income into just $80 million of operating cash flow in fiscal 2026. It built inventory to $2.6 billion and spent $1.1 billion on capital expenditures. Analysts still expect negative free cash flow of $704 million in fiscal 2027.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">My take: Coherent looks reasonably priced at 22x with estimates still rising. But $425 pays for earnings nearly three years out, and I’d want to see the cash turn before betting on it.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The first test comes soon. Coherent reports fiscal first-quarter results after the close on Nov. 4, with guidance of $2.2 billion to $2.4 billion in revenue. Operating cash flow and inventory matter as much as sales.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-coherent-stock-actually-worth\" class=\"wp-block-heading\">So what is Coherent stock actually worth?\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what Coherent could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">Value Coherent for free\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>Disclaimer:\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!\u003C\u002Fem>\u003C\u002Fp>\n",710,"en","\u002Fblog\u002Fcoherent-soars-6-lumentum-up-8-as-stonex-starts-both-with-buy-sees-103-upside","coherent-soars-6-lumentum-up-8-as-stonex-starts-both-with-buy-sees-103-upside","images\u002Fdelighted-man-giving-a-thumbs-up-rising-green-chart\u002Fdelighted-man-giving-a-thumbs-up-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793031588\u002Fimages\u002Fdelighted-man-giving-a-thumbs-up-rising-green-chart\u002Fdelighted-man-giving-a-thumbs-up-rising-green-chart.png?_i=AA",{"altText":225,"imageCredit":237},"Robert Kneschke via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Roxanna Maglangit","roxtikr","author","",[],{"name":245,"slug":246,"role":247,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":248},"Michael Douglass","MichaelDouglass","editor",[],[250],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":225,"metaDesc":257,"opengraphDescription":257,"twitterTitle":225,"twitterDescription":257},"And the Street’s average target isn’t far behind.",{"title":225,"description":259,"twitterTitle":225,"twitterDescription":259,"author":239,"articlePublisher":260,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":261,"twitterData1":262,"ogTitle":225,"ogDescription":259,"ogUrl":232,"ogImage":235,"ogImageWidth":263,"ogImageHeight":264,"ogImageSecureUrl":235,"ogImageAlt":225,"twitterImage":235},"And the Street’s average target isn’t far behind.","TIKR.com","Est. reading time","5 minutes",1200,630,[266,281,298,313,330],{"id":254,"title":267,"date":268,"excerpt":269,"wordCount":270,"uri":271,"slug":272,"cloudinaryAssetId":273,"featuredImageOriginalUrl":274,"featuredImageMetadata":275,"author":276,"categories":278,"relatedPosts":280},"Verizon Sinks 4% on Revenue Miss Despite Record Subscriber Growth: \"Fundamentally Stronger\"","2026-10-27 16:11:39","Turns out selling fewer phones can be a good thing",739,"\u002Fblog\u002Fverizon-sinks-4-on-revenue-miss-despite-record-subscriber-growth-fundamentally-stronger","verizon-sinks-4-on-revenue-miss-despite-record-subscriber-growth-fundamentally-stronger","images\u002Fpensive-man-hand-on-his-chin-falling-chart-and-trading-screens\u002Fpensive-man-hand-on-his-chin-falling-chart-and-trading-screens","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793038373\u002Fimages\u002Fpensive-man-hand-on-his-chin-falling-chart-and-trading-screens\u002Fpensive-man-hand-on-his-chin-falling-chart-and-trading-screens.png?_i=AA",{"altText":267},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":277},[],[279],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":282,"date":283,"excerpt":284,"wordCount":285,"uri":286,"slug":287,"cloudinaryAssetId":288,"featuredImageOriginalUrl":289,"featuredImageMetadata":290,"author":291,"categories":295,"relatedPosts":297},"Welltower Fell 5% as Q3 Revenue Misses Despite Raised FFO Outlook","2026-10-27 15:56:23","Great quarter, steep price tag",712,"\u002Fblog\u002Fwelltower-fell-5-as-q3-revenue-misses-despite-raised-ffo-outlook","welltower-fell-5-as-q3-revenue-misses-despite-raised-ffo-outlook","images\u002Fgrim-older-man-in-a-dark-suit-falling-chart-over-a-city\u002Fgrim-older-man-in-a-dark-suit-falling-chart-over-a-city","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026166\u002Fimages\u002Fgrim-older-man-in-a-dark-suit-falling-chart-over-a-city\u002Fgrim-older-man-in-a-dark-suit-falling-chart-over-a-city.png?_i=AA",{"altText":282},{"name":292,"slug":293,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":294},"Gian Estrada","giantikr",[],[296],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":299,"date":300,"excerpt":301,"wordCount":302,"uri":303,"slug":304,"cloudinaryAssetId":305,"featuredImageOriginalUrl":306,"featuredImageMetadata":307,"author":308,"categories":310,"relatedPosts":312},"Chipotle Hit a 52-Week Low Last Week. Here's What RBC's Upside Call Needs on October 28","2026-10-27 15:40:25","The bar for Wednesday is lower than the stock price suggests",932,"\u002Fblog\u002Fchipotle-hit-a-52-week-low-last-week-heres-what-rbcs-upside-call-needs-on-october-28","chipotle-hit-a-52-week-low-last-week-heres-what-rbcs-upside-call-needs-on-october-28","images\u002Fpondering-man-falling-red-bars\u002Fpondering-man-falling-red-bars","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792795474\u002Fimages\u002Fpondering-man-falling-red-bars\u002Fpondering-man-falling-red-bars.png?_i=AA",{"altText":299},{"name":292,"slug":293,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":309},[],[311],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":314,"date":315,"excerpt":316,"wordCount":317,"uri":318,"slug":319,"cloudinaryAssetId":320,"featuredImageOriginalUrl":321,"featuredImageMetadata":322,"author":323,"categories":327,"relatedPosts":329},"US Judge Blocks Pentagon Contract Limits Tied To Alibaba Lobbyists","2026-10-27 14:36:26","A US judge granted Alibaba an injunction on Pentagon contract limits tied to lobbyists. See what it means for Alibaba stock.",580,"\u002Fblog\u002Ffederal-judge-blocks-pentagon-ban-alibaba-lobbying-injunction","federal-judge-blocks-pentagon-ban-alibaba-lobbying-injunction","images\u002FBABA-stock-@Zulqarnains-Images-via-Canva-@SUMALI-IBNU-CHAMID-from-Alemedia.id-via-Canva_146296b9d15\u002FBABA-stock-@Zulqarnains-Images-via-Canva-@SUMALI-IBNU-CHAMID-from-Alemedia.id-via-Canva_146296b9d15","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103757\u002Fimages\u002FBABA-stock-@Zulqarnains-Images-via-Canva-@SUMALI-IBNU-CHAMID-from-Alemedia.id-via-Canva_146296b9d15\u002FBABA-stock-@Zulqarnains-Images-via-Canva-@SUMALI-IBNU-CHAMID-from-Alemedia.id-via-Canva_146296b9d15.png?_i=AA",{"altText":314},{"name":324,"slug":325,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":326},"Aditya Raghunath","adityatikr",[],[328],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":331,"date":332,"excerpt":333,"wordCount":264,"uri":334,"slug":335,"cloudinaryAssetId":336,"featuredImageOriginalUrl":337,"featuredImageMetadata":338,"author":339,"categories":341,"relatedPosts":343},"Wall Street Banks Provide $63 Billion To Finance Broadcom AI Chips For Anthropic","2026-10-27 14:34:28","Banks will provide $63B to buy Broadcom AI chips for Anthropic, with Broadcom backing lenders. See what it means for Broadcom stock.","\u002Fblog\u002Fwall-street-banks-63-billion-broadcom-ai-chips-anthropic","wall-street-banks-63-billion-broadcom-ai-chips-anthropic","images\u002FAVGO-stock-@undefined-from-Getty-Images-Pro-via-Canva-@alexsl-from-Getty-Images-Signature-via-Canva-2\u002FAVGO-stock-@undefined-from-Getty-Images-Pro-via-Canva-@alexsl-from-Getty-Images-Signature-via-Canva-2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793101614\u002Fimages\u002FAVGO-stock-@undefined-from-Getty-Images-Pro-via-Canva-@alexsl-from-Getty-Images-Signature-via-Canva-2\u002FAVGO-stock-@undefined-from-Getty-Images-Pro-via-Canva-@alexsl-from-Getty-Images-Signature-via-Canva-2.png?_i=AA",{"altText":331},{"name":324,"slug":325,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":340},[],[342],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],[345,363,381,396,416,431,446,461],{"id":254,"title":346,"date":347,"excerpt":348,"wordCount":349,"uri":350,"slug":351,"cloudinaryAssetId":352,"featuredImageOriginalUrl":353,"featuredImageMetadata":354,"author":355,"categories":357,"relatedPosts":362},"Down 7% In Last 12 Months, Can Affirm Stock Give Better Returns in 2026?","2026-10-27 13:02:00","Affirm stock is down 8% in a year. See what TIKR’s Valuation Model says about AFRM’s upside, with a $97 price target by June 2029.",1112,"\u002Fblog\u002Faffirm-afrm-stock-valuation-2026","affirm-afrm-stock-valuation-2026","images\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793017247\u002Fimages\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva.png?_i=AA",{"altText":346},{"name":324,"slug":325,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":356},[],[358],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":254},"Valuation","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":254,"title":364,"date":365,"excerpt":366,"wordCount":367,"uri":368,"slug":369,"cloudinaryAssetId":370,"featuredImageOriginalUrl":371,"featuredImageMetadata":372,"author":373,"categories":375,"relatedPosts":380},"Verizon Stock Falls Despite Strong Earnings Beat And Raised Guidance","2026-10-27 12:28:00","Verizon beat subscriber estimates, raised guidance and signed a $2B AWS deal, but shares fell. See what it means for Verizon stock.",599,"\u002Fblog\u002Fverizon-stock-earnings-beat-raised-guidance-aws-deal","verizon-stock-earnings-beat-raised-guidance-aws-deal","images\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793096188\u002Fimages\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1.png?_i=AA",{"altText":364},{"name":324,"slug":325,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":374},[],[376],{"name":377,"slug":378,"uri":379,"description":242,"postsCount":254},"Earnings Updates","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":254,"title":382,"date":383,"excerpt":384,"wordCount":385,"uri":386,"slug":387,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":388,"featuredImageMetadata":389,"author":390,"categories":392,"relatedPosts":395},"Novartis Already Paid for Its $1.9 Billion Write-Down. The Raise Is the New Part","2026-10-27 09:08:39","Novartis wrote off 26% of del-desiran but kept $5.5 billion of it on the books, and raised profit guidance while free cash flow fell 18%. Here’s the math.\n",763,"\u002Fblog\u002Fnovartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","novartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FFEATURED-IMAGE-MAKER-1904-600x400.png",{"altText":382},{"name":292,"slug":293,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":391},[],[393],{"name":76,"slug":75,"uri":394,"description":242,"postsCount":254},"\u002Fblog\u002Fcategory\u002Ffundamental-analysis",[],{"id":254,"title":397,"date":398,"excerpt":399,"wordCount":400,"uri":401,"slug":402,"cloudinaryAssetId":403,"featuredImageOriginalUrl":404,"featuredImageMetadata":405,"author":406,"categories":410,"relatedPosts":415},"CleanSpark Stock Fell 39% in October. Its Landlord Bet Now Rides on Meta’s Credit","2026-10-26 21:10:00","CleanSpark won a Buy rating on October 22 that cited its Meta-backed lease, the same day the cost of insuring Meta’s debt hit a record. Shares fell, though less than peers. A signed Texas lease is the test.",882,"\u002Fblog\u002Fcleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","cleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","images\u002F9-16_1460328ff08\u002F9-16_1460328ff08","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046765\u002Fimages\u002F9-16_1460328ff08\u002F9-16_1460328ff08.png?_i=AA",{"altText":397},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":409},"Wiltone Asuncion","wiltonetikr",[],[411],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":254,"title":417,"date":418,"excerpt":419,"wordCount":420,"uri":421,"slug":422,"cloudinaryAssetId":423,"featuredImageOriginalUrl":424,"featuredImageMetadata":425,"author":426,"categories":428,"relatedPosts":430},"Block Stock Is Cheaper Than at the End of 2025 Despite Higher Profit Forecasts. Here’s Where It Could Go by 2030","2026-10-26 21:05:00","Wall Street's next-12-month earnings estimate for Block rose 51% this year, while the stock rose 17%. BMO says the multiple is stuck. Block's CFO has said when Neighborhoods should start showing up in Cash App users, and the first report in that window is due November 3.",947,"\u002Fblog\u002Fblock-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","block-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","images\u002F8-15_14603149a44\u002F8-15_14603149a44","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046753\u002Fimages\u002F8-15_14603149a44\u002F8-15_14603149a44.png?_i=AA",{"altText":417},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":427},[],[429],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":432,"date":433,"excerpt":434,"wordCount":435,"uri":436,"slug":437,"cloudinaryAssetId":438,"featuredImageOriginalUrl":439,"featuredImageMetadata":440,"author":441,"categories":443,"relatedPosts":445},"Disney Stock Rose 10 Sessions in a Row While Bidding $20 Million for Character.AI’s Technology. Here’s Where It Could Go by 2030","2026-10-26 21:00:00","Disney climbed 11% in three weeks, including 10 straight gains, while lining up most of bankrupt Character.AI’s engineers. Thirty-one states and DC now object to the sale rules. Nearly all of October’s gain came from a higher multiple, so the November 17 report has to supply the earnings.",926,"\u002Fblog\u002Fdisney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","disney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","images\u002F7-16_1460307b672\u002F7-16_1460307b672","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046759\u002Fimages\u002F7-16_1460307b672\u002F7-16_1460307b672.png?_i=AA",{"altText":432},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":442},[],[444],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":447,"date":448,"excerpt":449,"wordCount":450,"uri":451,"slug":452,"cloudinaryAssetId":453,"featuredImageOriginalUrl":454,"featuredImageMetadata":455,"author":456,"categories":458,"relatedPosts":460},"Pfizer Rose Nearly 21% in 2026 as Its Forward P\u002FE Climbed From About 9 to 11 Times. Here’s What November 3 Has to Show","2026-10-26 20:55:00","Pfizer climbed above Wall Street’s mean price target in October even as its forward EPS estimate fell. The third-quarter report on November 3 is the first test of whether that higher multiple holds.",862,"\u002Fblog\u002Fpfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","pfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","images\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046762\u002Fimages\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2.png?_i=AA",{"altText":447},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":457},[],[459],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":462,"date":463,"excerpt":464,"wordCount":465,"uri":466,"slug":467,"cloudinaryAssetId":468,"featuredImageOriginalUrl":469,"featuredImageMetadata":470,"author":471,"categories":473,"relatedPosts":475},"Pinterest Has Fallen After 4 of Its Last 5 Earnings Reports. Here’s What October 29 Needs to Show","2026-10-26 20:53:00","Pinterest has dropped the session after four of its last five earnings reports, even though it beat revenue estimates in four of those quarters. Its next-quarter outlook has tracked the stock more closely, and its CEO tied the new CFO search to selling ads beyond Pinterest’s own app.",872,"\u002Fblog\u002Fpinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","pinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","images\u002F5-16_1460283708d\u002F5-16_1460283708d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046769\u002Fimages\u002F5-16_1460283708d\u002F5-16_1460283708d.png?_i=AA",{"altText":462},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":472},[],[474],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[]]