BofA Slashes Cooper Companies (COO) Price Target to $96, Keeps Buy Rating

On May 30, BofA analyst Craig Bijou reiterated a Buy rating on Cooper Companies, Inc. (NASDAQ:COO), lowering the associated price target to $96.00 from $120.00. The rating update followed the company’s announcement of its fiscal Q2 2025 results on May 29, maintaining an optimistic view despite the overall softer market outlook for contact lenses.

A doctor wearing gloves and a mask holding a pair of contact lenses in their hand.

The analyst reported that Cooper Companies, Inc. (NASDAQ:COO) surpassed revenue and EPS expectations in fiscal Q2 2025, with revenue growing 6% year-over-year to $1.002 billion. GAAP diluted EPS was $0.44, consistent with fiscal Q2 2024, while non-GAAP diluted EPS reached $0.96, up $0.11 or 14% from the same period last year.

Cooper Companies, Inc. (NASDAQ:COO) slashed its fiscal year 2025 guidance due to softness in the contact lenses market, estimating a total revenue in the $4.107 to $4.146 billion range. However, the analyst viewed this move as a strategic decision to manage expectations and potentially report higher-than-expected future results.

Bijou also reasoned that Cooper Companies, Inc. (NASDAQ:COO) possesses strong operating leverage and can outperform the lens market by 150 basis points, supported by products such as MiSight and MyDay, which contribute to a favorable outlook.

Cooper Companies, Inc. (NASDAQ:COO) is a medical device company that operates through the Cooper Surgical and Cooper Vision segments. The Cooper Surgical segment focuses on health advancement through women’s health and fertility products and services. The Cooper Vision segment develops, markets, and manufactures products that combat vision challenges, including eye fatigue, astigmatism, ocular dryness, presbyopia, and myopia.

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Disclosure: None.