Analysts Are Increasing Price Targets of These 5 Stocks

01. The Cooper Companies, Inc. (NYSE:COO)

Upside Potential: 14.67%

The Cooper Companies, Inc. (NYSE:COO) is an American firm headquartered in San Ramon, California. The firm primarily focuses on making and selling contact lenses for eye problems such as farsightedness, nearsightedness, astigmatism, and other problems.

On May 24, Piper Sandler analyst Jason Bednar increased the firm’s price target for The Cooper Companies, Inc. (NYSE:COO) from $375 to $430 while maintaining an Overweight rating on the shares. The analyst’s optimism stems from a positive conversation with a major U.S. contact lens distributor. According to the analyst’s research note, the key growth factors in the contact lens industry are leading to robust revenue growth throughout the contact lens value chain. Specifically, Cooper’s Biofinity toric lens is gaining significant shelf space at the expense of Johnson & Johnson’s Oasys toric lens. Piper Sandler considers The Cooper Companies, Inc. (NYSE:COO) a strong performer relative to other large-cap medtech companies.

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