BofA Slashes Price Target on Cooper Companies (COO), Keeps Buy Rating

On May 30, BofA lowered the firm’s price target on Cooper Companies, Inc. (NASDAQ:COO) to $96 from $120 but kept a Buy rating after the company reported its fiscal Q2 2025 results on May 29.

The company reported a 6% year-over-year revenue growth to $1.002 billion and beat EPS expectations with a non-GAAP diluted EPS of $0.96, up 14% from the same period last year. However, the analyst told investors in a research note that his focus is not on revenue and EPS but rather on Cooper Companies, Inc. (NASDAQ:COO) lowering its fiscal year 2025 revenue growth guidance to 5%-7% from 6%-8%. This is primarily because the company expects to see softness in two of its growth markets: fertility and contact lenses.

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

The analyst considered the lower CVI organic growth guidance “a surprise” after its March commentary. He added that it could drive some near-term pressure on Cooper Companies, Inc. (NASDAQ:COO), but was “likely the right thing to do given the squishiness of peer results over the last several months.” It could allow the company to deliver upside to numbers, further supporting the buy rating.

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.