Why These 15 Large-Cap Stocks Are Plunging So Far In 2025

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11. Coherent Corp (NYSE:COHR)

Number of Hedge Fund Holders In Q4 2024: 71

Coherent Corp (NYSE:COHR) is a manufacturing company in the industrial sector.

The stock is down significantly so far in 2025 due to weak guidance for Q3 FY2025. Despite strong Q2 FY2025 results, Coherent projected revenue for Q3 FY2025 to be between $1.39 billion and $1.48 billion.

This disappointed investors as it suggested slower sequential growth compared to Q2’s $1.43 billion revenue.

Also, non-GAAP EPS guidance of $0.75-$0.95 was lower than analyst expectations.

The consensus price target of $114.27 implies 58.99% upside.

COHR stock is down 24.16% year-to-date.

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