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Analysts Offer Insights on Technology Companies: Coherent Corp (COHR) and Udemy Inc (UDMY)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Coherent Corp (COHRResearch Report) and Udemy Inc (UDMYResearch Report) with bullish sentiments.

Coherent Corp (COHR)

Needham analyst James Ricchiuti reiterated a Buy rating on Coherent Corp today and set a price target of $58.00. The company’s shares closed last Thursday at $40.59.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 17.7% and a 63.4% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Universal Display.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coherent Corp with a $55.29 average price target.

See the top stocks recommended by analysts >>

Udemy Inc (UDMY)

In a report released today, Ryan MacDonald from Needham maintained a Buy rating on Udemy Inc, with a price target of $17.00. The company’s shares closed last Thursday at $11.15.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 11.0% and a 47.9% success rate. MacDonald covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Zeta Global Holdings Corp, and Momentive Global.

Currently, the analyst consensus on Udemy Inc is a Moderate Buy with an average price target of $16.75.

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