Why The Cooper Companies, Inc. (COO) Crashed On Friday

We recently published a list of These 10 Stocks Lost This Much Today. In this article, we are going to take a look at where The Cooper Companies, Inc. (NASDAQ:COO) stands against other Friday’s worst performers.

The Cooper Companies dropped its share prices by 14.61 percent on Friday, a third straight day, to finish at $68.28 apiece as investor sentiment was dampened by a weak outlook guidance for the rest of the year.

In its latest earnings call, The Cooper Companies, Inc. (NASDAQ:COO) said it now sees organic growth of 5 to 6 percent for fiscal year 2025, down from the 6 to 8 percent as targeted previously.

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

Following the announcement, JPMorgan lowered its rating for the company to “neutral” from “overweight,” with a price target of $76, down from $110 previously.

“It’s hard to come away feeling positive following several quarters of mixed execution and a potentially durable slowdown in market trends back to previous levels,” JPMorgan said.

Wells Fargo also reduced its price target for The Cooper Companies, Inc. (NASDAQ:COO) to $93 from $118 previously.

Overall, COO ranks 4th on our list of Friday’s worst performers. While we acknowledge the potential of COO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COO and that has 10,000x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.