$Coherent(COHR)$ Needham maintained a Buy rating on Coherent and cut its price target to $380. That still works out to roughly 70% upside. The average analyst price target is $396, which implies about 85% upside. Coherent has also been falling more on red days and rising less on green days compared with peers like $Lumentum(LITE)$ and AAOI. The gap is a bit odd, since Coherent is the only one of the three that is actually profitable. RSI is similar to AAOI, though still much more oversold than LITE.
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